What type of risk are you trying to address?
If it’s for the loss of your life and income producing power, then you’d need to use that to determine the amount of coverage, as well as any debts you’d like to have paid off for your heirs.
If you’re looking to address risks associated with someone suing you, then liability insurance would fit… This may also address your rental property.
In short, more information would yield specific advice.
Adam C. Harding, CFP
Disclosure: For informational purposes only. Not to be considered investment, tax, or legal advice. My responses on Nerdwallet are for educational purposes only and action should not be taken until a thorough analysis has been done by me or your financial advisor. Investing involves risk of loss and diversification does not ensure protection against risk of loss.