How much final expense insurance do I need?

You need to determine the following:

1. Do you need to only cover funeral cost only? If you only need money for funeral cost a final expense policy for at least $10,000-$20,000 will provide for a decent funeral.
2. Do you need to cover funeral cost and final expense? If you cover your funeral expenses, and your final personal expenses you want to determine your funeral cost and your final expenses. Consider the following expenses:
   1. How much do you owe on credit cards?
   2. Personal Loans?
   3. Consumer debts?
   4. Student loans?
   5. Any other expenses you can anticipate your loved ones would have to pay on your behalf.
3. Do you need to cover funeral cost, final expense and leave money for your beneficiaries? If so, determine your funeral cost, final expenses and how much you want to leave to your named beneficiary. Consider the following expense examples:

• • Funeral cost $15,000
  • Personal expenses $10,000
  • Money for loved ones $10,000
  • Total policy amount $35,000