Dear Dave,

I know you usually recommend having eight to 10 times your income in life insurance. I'm 25, single, and I have no kids. Do I still need that much life insurance?

- Anonymous

Dear Anonymous,

The need for life insurance is very low in situations like yours. All you really want is enough to cover burial expenses and clean up any mess you may leave behind. If you own a home you may not have to worry about any remaining debt, because the sale of the house might cover it.

Many times, an employer will furnish you with life insurance equal to your yearly salary, or maybe twice that amount. In lots of cases, that alone will take care of things for young singles. Check into it!

- Dave