Estimate how much life insurance cover your family needs using the DIME method: debts, income, mortgage and education.
A simple way to size term life cover:
Subtract any existing cover and savings your family could use, and the rest is the extra cover to consider.
A common rule of thumb is 10–15 times your yearly income. The DIME method gives a more personal figure based on your actual debts and goals.
You can, but group cover usually ends when you leave the job, so many people keep enough personal cover without it.