better than mama posted:

Not to hijack, didn't think another life insurance thread was necessary. I just gained a dependent and was wondering if and how much life insurance is a good idea. We currently live with my parents and are trying to save for a house. At the moment we have no debts/mortgage to worry about, but I am not sure if it would be a good idea to get something now rather than waiting until we actually do move out some day since it may be a few years. We have some cash since we are trying to save for a down payment, but it will mostly disappear (excluding emergency fund) once we get a house.
How do people calculate what is appropriate for their situation?