Think about how much you would like to leave behind the ones you care about most. Would you like to leave some money behind to help with funeral costs or would you like to provide a gift for them?

Any financial commitments that you might have currently could be passed on to loved ones if you were to pass away before they are paid off. These kinds of debts can come in the form of credit cards, loans or even a mortgage.  

It could be the case that you have other life insurance policies or some other kind of financial protection in your name. You may have savings accounts or a pension that you could be relying on in the future.