I'm sorting out life insurance policies for myself and DP at the moment but I'm a bit confused about how much cover to choose.
DP is the primary earner and I will be a sahm come November. We have a small amount of HECS debt between us but no other debt, including no mortgage.
I'd like to take out a policy for each of us but I'm not sure how much for each? How do you work it out.
DP has cover through work for work related death but we need coverage otherwise as it's not a huge amount, and obviously doesn't cover any other circumstances.
Thanks in advance!