10x current annual income is a useful measure for life cover. Remember, if you have dependents such as a partner and young children, you will need to cover your income until the children become dependent.

By way of a detailed analysis of your current expenditure, debt levels, income and personal circumstances. This would generally be known as a Family Needs Analysis, and can be carried out by a professional Independent Financial Advisor in order to assess your requirements.

How should you determine the amount of cover that you need?