How Much Does Good Life Insurance Cost? 
How do you define good ? Your question needs to be more to the effect of `` How much life insurance do I need for my individual situation today and for the future ? '' . Your life insurance needs are dynamic and will change over time and they may also change depending upon what specific things you are wanting to accomplish using life insurance . Are you just wanting to make sure your funeral costs are covered and any unpaid bills you leave behind get paid off ? Or , are you wanting to take care of those expenses and also provide financial security for the spouse and/or children you leave behind ? Are you a business owner whose expertise is critical to the ongoing survival of your business , would your heirs need to hire someone to replace you or risk losing the business ? These are just some examples of how different people may have radically different life insurance needs and that there is no simple answer to your question . You probably need to discuss your needs with a financial planner and an experienced life insurance agent to find the answer that best suits your specific needs and wants . 