Your total yearly income before taxes
How many years should your family be supported (typically 5-10)
Mortgage, car loans, credit cards, student loans, etc.
Funeral, medical bills, estate settlement (typically 7,000-15,000)
Total amount you want to leave for education
Children and other family members relying on you
Coverage from employer, spouse, or current policies
Conservative assumption for remaining assets (3-7% typical)