One of the first things we come across on our personal finance journey, along with savings and investments, is insurance. Moe specifically, we usually get approached by a well meaning Financial Advisor or Insurance Agent very early on (perhaps when we are not even in the workforce yet!) and will be told about how Life Insurance helps to protect our loved ones in the event of our untimely demise. Along the way, we are usually also told that the appropriate amount of life insurance coverage to get is in the order of $500,000 or more, or maybe 10X our annual incomes! Which will no doubt seem a huge amount when we are barely in the workforce yet! While there is little question that life insurance is important, what we do need to know is, how much life insurance coverage do I really need?