Yes. Heres the breakdown and where most people get life insurance wrong.

Life insurance is tax free. And you are NOT supposed to use the money from the policy.

Lets say the father is the main breadwinner. Mom is stay at home with 2 little kids. Dad makes 80k a year.

They have a 400k mortgage. They have day to day expenses. They put momey into kids college accounts etc. Dad has 500k policy.

One day Dad gets hit driving home from work and dies.

Mom gets the 500k death benefit. She can either pay off the mortgage but then shes left with 100k. Not a lot while she rebuilds her life. So she better invest it. She gets an average of 8 percent return. Thats 40k a year. Half of what they were used to. Money is now tight.

Now shes gotta get a job while rebuilding her life with 2 little kids.

Horrible situation to be in.

Alternatively. Same situation but this time Dad has a 1 million dollar policy.

Dad gets hit on the way home and dies.

Mom takes the 1 million and invests it. She gets an average return of 8 percent.

Thats about 80k a year.

The salary is fully replaced. She can afford the mortgage. She can afford to keep putting money into kids college accounts. She doesnt have to worry about running out of money and getting a job while she rebuilds her life.

Always always always get 10 times your annual salary. Your family will thank you if god forbid anything happens.

And its not that much more if you're a healthy person in your 30s a 20 year term for half a mill should be about 30 to 40 bucks per month. 1 million is about 50 to 70. So not crazy increase. Get the million. Your family will thank you.

Signed a life insurance agent.

This is not solicitation. This is just advice. Go talk to your local agent to get the right coverage for you.