Life insurance: how much cover do you need?

Ensure loved ones have financial protection without paying over the odds

Paper cut out of family next to house and pile of coins
Life insurance can be a financial lifeline for dependents such as children
(Image credit: Getty Images/Athima Tongloom)

Few people like to think about dying but if you have a family or other dependents, buying life insurance could safeguard their financial stability if the worst happens.

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Marc Shoffman is an NCTJ-qualified award-winning freelance journalist, specialising in business, property and personal finance. He has a BA in multimedia journalism from Bournemouth University and a master’s in financial journalism from City University, London. His career began at FT Business trade publication Financial Adviser, during the 2008 banking crash. In 2013, he moved to MailOnline’s personal finance section This is Money, where he covered topics ranging from mortgages and pensions to investments and even a bit of Bitcoin. Since going freelance in 2016, his work has appeared in MoneyWeek, The Times, The Mail on Sunday and on the i news site.