We're all going to die.

With that out of the way, let's talk about death.

Today, I'm going to be Debbie Downer. You've been warned. But this is important stuff. No one wants to think about dying, but it's the kind of thing that once you've made a solid plan, you don't really have to think about again.

Most of us are Must-Have Parents (MHP) here. Many of us are Stay-at-Home Parents (SAHP), as well. Our partners are Must-Do Parents (MDP), and that means that our partners likely earn most of the income for our households.

We probably already have life insurance for our partners because we know that -- God forbid -- if something happened to him or her, we would need quite a bit of money to provide for our family in their absence.

But if we're not earning an income or not much of an income, how much life insurance do we need for ourselves? If something happened to one of us MHPs, our family would still have the MDP's income, so do we even need life insurance at all?

The answer is yes. Yes, we do. Absolutely. Yes.

According to Bankrate.com, the average funeral in the U.S. costs between $8,000 and $10,000. So that's the smallest piece of the extra money your family is going to have to come up with immediately if you die. You all got that much just sitting in an account right now? Didn't think so.

So start with $10,000. You need at least $10,000 in life insurance for yourself.

Now, if you are a military spouse, you MIGHT already be covered for up to $100,000 under the Family Servicemembers' Group Life Insurance (FSGLI) program, which covers spouses and dependent children of service members who are insured under the SGLI program. Dependent children are insured at no cost.

But I used a big word up there, might. Some spouses are automatically enrolled in FSGLI, some are not. Rather than give you misinformation, I'm going to suggest that you click on this link, think about your own situation and determine for yourself where you stand.

Even if you are covered by FSGLI, many finance gurus say $100,000 worth of life insurance is probably not enough to cover a SAHP.

Dave Ramsey says a SAHP needs more along the lines of $300,000 to $400,000 in life insurance.

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