Definitely, these few things everyone must consider but once all of these things are considered, you need to decide on an amount that would cover both the debt and future expenses that your family would incur after your death.

When you compare life insurance quotes, you need to consider some important things like health requirements, the maximum age that is required for receiving coverage, cost of a monthly premium and amount of coverage. The life insurance policy which you opt for should be at least 5 times the salary that you receive. It should cover debts, if you owe any, the costs which are likely to arise upon your death and cost of the living expenses. Before you purchase a life insurance policy, you need to review this policy and find out if it caters to the financial requirements of your family.