I am looking into buying a life Insurance policy but I'm not sure how much life insurance I really need. Where can I find out how much life insurance I need? In the past, life insurance agents used to meet with clients and suggest you buy up to 7-10 times your annual income in life insurance. So, if you made $50,000 a year, they might suggest you buy $350,00 to $500,000 of life insurance protection. However, today there are more accurate ways of determining your life insurance needs. Now, there are life insurance needs calculators that can help you calculate your specific life insurance needs based on your own personal financial situation. How does it work? You visit a life insurance calculator online and answer some basic questions about your life insurance needs and financial situation. Then, you press a button and the calculator instantly gives you an accurate estimate of your own personalized life insurance needs based on your specific goals. It's quick and easy to use a life insurance needs calculator and there's no obligation or hassles. Here's an online life insurance needs calculator you can use right now to instantly get an estimate of your personalized life insurance needs before you start shopping for life insurance.