We've created a simple guide to figuring out how much coverage you would need:
In general, we recommend around €10k per child per year until they are 18 (or 23 if you want to finance their university).
Additionally, if you have a mortgage, you should add the total cost of the mortgage to your coverage. As you pay your mortgage off, you can adjust your life insurance coverage.
If your partner is reliant on you, then 3-5 years of expenses are recommended. This is about how long it would take them to become financially stable.
If that’s too complicated, you can take 3-5x your gross yearly salary, which should be a good approximation.