i have my own which i purchased as well as the one that i get through work - which is only a years salary so if you think about $40K to your folks is not that much, considering the costs to pay for a funeral these days !! i pay about $14 a month and it's worth about $60K so if i die my family will get my work policy $$ and my other policy $$. death frightens me severly, it makes me crazy just thinking about it. if i'm going to die, i want someone to benefit from it, most of all my family since they will miss me the most.