---
title: Life Insurance Coverage Amounts and Prices | Coverfolk
url: https://coverfolk.com/amounts
updated: 2026-10-08
---

# How much does each amount cost?

From a $10,000 burial plan to a $2 million term policy. What each amount can pay for, and real sample prices from published rate tables.

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[$10k**$10,000 life insurance**Older adults who want to cover a funeral and a few final bills so their family does not pay. Often bought between 50 and 85 as final expense whole life.](/amounts/10k)[$25k**$25,000 life insurance**Seniors who want to cover a full funeral plus bills, or leave a little extra. Also people with no one depending on their income who just want the basics covered.](/amounts/25k)[$50k**$50,000 life insurance**People who want more than funeral money: final costs plus paying off a car loan or a few months of bills. Also young buyers who want a small, cheap term policy.](/amounts/50k)[$100k**$100,000 life insurance**Single people with some debt, older adults who want more than a funeral, or a parent adding a small policy on top of work coverage.](/amounts/100k)[$250k**$250,000 life insurance**Young families with modest income, single parents with one child, or couples who want to cover a mid sized mortgage.](/amounts/250k)[$500k**$500,000 life insurance**Most working parents with a mortgage. It can replace several years of income and pay off the house.](/amounts/500k)[$1M**$1,000,000 life insurance**Higher earners, families with several kids, or people with a big mortgage. Also two income families who want to replace income for many years.](/amounts/1-million)[$2M**$2,000,000 life insurance**High earners, business owners, and families with large debts or many years of income to replace.](/amounts/2-million)

## Questions about coverage amounts

How much life insurance do I need?

A common rule is 10 times your yearly pay, plus your mortgage and debts, minus what you already have.

How much does a $500,000 policy cost?

For a healthy 35 year old nonsmoker, published samples for 20 year term are often under $50 a month. Your price depends on your age and health.

Is $1 million of life insurance too much?

Not if you have a big mortgage, young kids or a high income. Term life makes large amounts affordable.