I am a follower of Christ who is also a licensed Life Insurance agent. As strange as it may sound, I am not a fan of Life Insurance, or for that matter, insurance in general...at least not in the way it currently operates. I believe there is a better and more God-honoring way. You will learn more as you continue to read. While I am not a big fan of insurance, until the church does its job, I am thankful for it in many ways and you should be too.

1. Our current monetary system is a pagan or secular system of money, not a biblical one.
2. Our current monetary system is based on fiat money. That means there's no material or hard asset (like gold or silver) backing to all of our money. It's based on credit and good faith.
3. Because of Fractional Reserve Banking or Lending, our current monetary system creates money out of thin air. Our monetary system is based on debt and the creation of it. Money that is loaned out does not come from bank or depositors' assets. It comes from a few strokes of a computer keyboard. It is in reality legalized counterfeiting.
4. Our monetary system is based on "false weights and false measures." God says: "Differing weights and differing measures, Both of them are abominable to the LORD."     -Proverbs 20:10. There are many other verses that make known that God opposes false and unfair monetary systems.
   

• Your children are responsible: If you have children that are old enough to provide and care for your wife (their mother) and any other siblings, then they should be taught and encouraged to do so, if and when that time comes. It is their responsibility first.
  

• Your church is responsible: If something happens to you, then the church, the Body of Christ is responsible for caring for your family's needs. This may involve financial aid, paying off debt (which you should do everything you can now to eliminate...including your mortgage), bringing your family into the home of another family and providing work that does not take a wife and mother away from her God-ordained role of being a worker at home and caring for and educating her children.
  

• You are responsible: If we are wise, we will be building an inheritance for our children and our children's children while we are still living. Our children's inheritance should come from our labors (and teaching them to labor), good stewardship and wise investing (Loot, Land & Livestock) not from an insurance company. Self-insurance is the best form of insurance. There's no reason why your wife can not develop an income from home without violating her God-ordained role. Prepare her for this now.
  

• Another man may be responsible: Lastly, and the hardest to accept, your wife is free to remarry and unless God calls her not to, she should be expected to do so.
  

1. Spiritual Partnerships: Avoid working with unbelievers on spiritual matters
2. Marriages: Avoid marrying an unbeliever
3. Business Partnerships: Avoid owning a business with an unbeliever...whether it's 1% or 50%.
4. Borrowing/Lending Partnerships: Avoid going into debt and bondage to an unbeliever.
   

1. Your children are not old enough and/or financially stable enough to care for your wife and their mother.
2. You are not part of a genuine body of believers that will truly cover you. Unfortunately, most churches and professing Christians do not see and/or are unwilling to fulfill their biblical duty of caring for your family upon your death. They would much rather spend their money on buildings, salaries and programs, instead of on the real needs of the body.
   

1. You have yet to set aside an inheritance for your spouse and your children. This could be because you are still young and simply haven't had enough time to accumulate sufficient savings.  You have been unwise with your money or, you have recently become convicted of the necessity of providing for your family's future. I am afraid that unwise stewardship is the case for most of us, including myself. By the way, we should be training our children, especially our sons, to not only be able to provide well for their family when they get married, but to have some inheritance or future provision set aside prior to marriage and having children.
2. While your wife is free to remarry, in the Lord of course, you don't know now that she will.
   

1. The cost for a modest funeral and burial. 
2. All outstanding debt, including your mortgage and medical bills. If the plan is for your spouse to move and there's equity in the home, then you need to take that into account. If you are upside down on your mortgage, you need to take that into account as well. While you are still living, you should be abstaining from debt and focusing on paying off as quickly as possible any debt that you have.
3. Your annual after-tax income, minus any social security benefit, minus any savings you have, minus your share of annual living expenses (food, clothing, car, etc.) for a period of time until either:
   1. Your children are in position to care for your wife. That could be 1 year or it could be 20+ years depending on the age of your children.
   2. Your wife remarries. If she is still young (whatever you determine that to be), then she could reasonably remarry within five years.
   3. If you do not have children and your wife does not remarry, then you will need to consider purchasing enough life insurance to cover her financial needs until her death. She of course could provide an income or partial income for herself by having her own business from home and since she would not have the responsibility of caring for her children, she could take on a part-time or full-time job that would be beneficial to her and pleasing to the Lord. So you will need to estimate as best you can your wife's life expectancy and her financial needs for that number of years to get a good idea of how much you should purchase.