Question: Can I ever have too much life insurance?
Answer :
Yes, since the extra money that you spend on premiums could be used for other things, such as investments, saving for retirement or college, and so on. You should buy only as much coverage as you really need.

It's wise to periodically review your insurance coverage--especially if you undergo a significant life event (e.g., divorce, birth of a child, change in your financial situation)--to make sure that you have just the right amount of coverage and aren't overinsured or underinsured.

The amount of life insurance you should have depends on several factors, including your income, assets, debts, expenses, and financial goals. You may want to consult an insurance professional to determine your optimum level of coverage.