The amount of coverage needed for term life insurance depends on individual circumstances, such as the needs of dependents, the amount of debt, and the desired standard of living. However, most insurance companies suggest having at least 10 times the amount of annual salary in coverage.
For example, if the annual salary is R50,000, the recommended coverage would be R500,000. This amount can be adjusted based on individual circumstances, such as the number of dependents, the amount of debt, and the desired standard of living. It’s also important to consider inflation and other unexpected costs when determining the amount of coverage needed.

The specific amount of coverage needed may vary based on individual circumstances, and it’s recommended to consult with a financial advisor to determine the appropriate amount of coverage.