Why It Pays to Get Life Insurance Even if You Don't Have Kids
Furthermore, if you limit your death benefit to a reasonable number, your policy doesn't have to cost a fortune. If you have $150,000 left on your mortgage, you may get a policy with a $200,000 death benefit -- enough to pay off your home, cover funeral expenses, and give your spouse a little financial cushion. A $200,000 death benefit is apt to cost a lot less than a $500,000 death benefit that you may not need.