How much you spend on your life insurance policy will depend on several things, including how much life insurance you need and what type of life insurance policy you want to buy.

There are several factors that you have to consider when deciding how much to spend on your  life insurance.   First consider your age.  The older you are when you purchase your life insurance plan, the higher your cost of life insurance.

Then factor in your health, smoking status, and lifestyle including risky hobbies or a high risk occupation.  

Last is how much death benefit you need or can afford to buy. The death benefit is the amount of life insurance protection you buy.

Last is the type of life insurance you want.  For example term life insurance or permanent life insurance. 

Term life insurance provides temporary coverage for up to 30 years and costs a lot less than permanent life insurance which provides lifetime coverage.

You can get an estimate of your life insurance cost by comparing instant life insurance rate quotes online from several insurers at one time.