Much Life Insurance Does A Single Person Need? 
At least enough to cover the cost of taking care of your situation if it happens along with enough to prevent this tragedy from becoming a double whammy for the people who love you and will be the ones cleaning up your business behind you . As a young single man I carried around 50k of life insurance at 19 . Why ? I did n't want my parents who were the people who would have to take care of my stuff I left behind to suffer any financial hardship to do so . Imagine your mom , already dealing with the loss of you , having to also deal with the cost of a service for you , loss of wages from work and other costs . Long before I became an insurance agent I loved my mom enough to not want to make my death even worse for her than it could be . You can apply that thought towards anybody that loves you and will be that person or persons having to deal with your loss . Hopefully , you matter to somebody . That 's what you 're doing it for . At a minimum carry enough to account for your responsibilities and to cover the loss other people will have to take on to deal with your loss . Your loss is hard enough to the people that love you . Do n't make it worse . 