If there is one extremely important asset that you have which is almost impossible to attach a dollar value to, it is your life. How do you determine what your life is worth to those who love you and would miss you after your death? Unfortunately, you can’t.

Your life insurance death benefit proceeds have a very important responsibility: to replace the money you would have earned had you lived. It also has to provide certain guarantees to your family-the guarantee that your kids can go to college and the guarantee that your family isn’t going to be thrown out of the home they love. This is understandably an overwhelming thought and can make the purchase of a life insurance policy very intimidating. Here are 3 easy steps to help you start the process.