If you are the sole provider for your family, you may also want your insurance payout to be enough to resolve any outstanding debts you have outstanding [such as a mortgage], and / or substantially cover living expenses for your family for an extended period of time. (money.stackexchange.com)
For instance, a father who was the sole provider for the family that now can not work. (injurylawyersboulder.com)
If your income is above $ 50,000 and / or are the sole provider for your family, this amount will help ensure that they can maintain their standard of living should anything happen to you. (lifeinsuranceblog.net)