<prompt> Human: Im going to have to option to purchase 1, 2, or 3x my income 70k in life insurance through my job. Everyone says I should but I dont really see the point. Im single and Id say 90 chance I dont have a wife or kids in the next ten years. If I died my parents would have no problem paying for my funeral, etc. Why should I purchase this? If I should, which tier do you recommend?  <response>: Dont know how it varies from job-to-jobstate-to-state, but the 1x income option for me was 0.00. I named my sister as beneficiary. As with everything else, you should do a costbenefit analysis. If its only going to cost you 0.50cycle for 1x insurance and youve got a sibling or cousin you like, go for it, but it really comes down to preference and how good the plans youre being presented are. 