Unfortunately, that question is impossible to answer because there are so many variables that determine the cost of life insurance. The premium for each person will depend on their gender, age, tobacco status, build and health. The type of policy you get will also make a big difference in how much life insurance will cost for a family of 4.
Sometimes the same policy will work for the entire family, usually through the use of riders. Keep in mind that if the primary Insured passes away, the spouse and/or children on the rider will need to get a new policy. I generally advise adults to get their own policies, because often they can get a better rate using different companies. With kids, it can be very cost effective to put them all on one rider. If something would happen to the primary Insured, they are usually able to convert or get another policy at a reasonable price.
There really isn't ONE answer, that can answer your questions. Each families goals, needs, etc. will determine what the actual costs would be.
Since there are several variables that go into premiums ( amount of life insurance, type of policy, health of the applicant) every families costs will be different.
Most agents would generally recommend each spouse obtaining their own policy. Your best solution is to speak with an agent, and have a detailed conversation with them to get some ideas.
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Sometimes the same policy will work for the entire family, usually through the use of riders. Keep in mind that if the primary Insured passes away, the spouse and/or children on the rider will need to get a new policy. I generally advise adults to get their own policies, because often they can get a better rate using different companies. With kids, it can be very cost effective to put them all on one rider. If something would happen to the primary Insured, they are usually able to convert or get another policy at a reasonable price.
Since there are several variables that go into premiums ( amount of life insurance, type of policy, health of the applicant) every families costs will be different.
Most agents would generally recommend each spouse obtaining their own policy. Your best solution is to speak with an agent, and have a detailed conversation with them to get some ideas.