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Author Message   Gudivada04 Mudiripoyina Bewarse Username: Gudivada04 Post Number: 12911 Registered: 09-2004 Posted From: 68.147.231.162 Rating: N/A Votes: 0 Posted on Friday, October 10, 2014 - 12:29 pm:    Bemmam, other way to think about life insurance is replacing your income (or most of it) after you are gone. Last thing family needs is financial burden on top of the tragedy if it happens. Say you are earning 150k today, how much money is needed in the bank if your family needs the same amount per year (may be they don't need the same amount, but you see where I am going with this) in case the earner is gone. Assuming 5% guaranteed interest from a long term bank deposit, you need $2 million in the bank to get 100k per year..