<prompt> Human: Title is the essence of the question. Ive heard the general suggestion of 10x your income is a good idea. My employer offers up to 5x my income at a very good rate a few dollars per month. Ive been advised by my houseauto insurance agent and also by my financial advisor both of whom probably have something to benefit to get a supplemental policy outside of my employer for an additional 3-5x my salary. This also has the benefit that the plan would come with me if I left my current employer or lost my job and had fewer options in the future.How much is the right amount?---Personal details:Currently I am the sole income provider wife stays at home with 2 kids. I make about 75k per year before taxesinsurance.Also, lets say Id want 10x my salary - would that be based on my take-home pay or my gross pay? e.g. 10x for 75k would be 750k total, or would I do closer to 450k based on 10x take-home pay?  <response>: 98 of term policies never get paid out. There really just a hedge against premature death. I would suggest term if you are young and healthy and want to make sure your wife and kids are taken care of if you get hit by the proverbial bus. 