The amount of life insurance any person needs depends on your obligations and on your desires. You would want to have at least $25,000 for your burial or cremation and service, paying off bills, and payment for someone to handle your estate. If you have a mortgage and would like to give your home to a friend, relative or charity, you could purchase life insurance to pay off your mortgage. You could buy life insurance to leave any amount of money to a charity.
A good place to start is using a life insurance calculator such as you find on lifehappens.org. The calculators can jog your memory as to what needs to be covered and help you determine how much coverage to purchase.
You may not need any life insurance. Life insurance really depends on who would be responsible for your debts, if anyone? Does anyone depend on your income except you? Would any one bear the burden of paying for your final expenses if you died or is there enough money in your estate to cover those costs?
.JPG){kind=avatar}
A good place to start is using a life insurance calculator such as you find on lifehappens.org. The calculators can jog your memory as to what needs to be covered and help you determine how much coverage to purchase.