In addition, you may want funds to pay off any debts that you have, including your home mortgage loan.
The National Funeral Director's Association indicates the average cost of a funeral and burial expenses to be around $6,800 or more. But, that's in today's money, not 5, 10, 15 or 20 years down the road when you may pass away. So, you may want to consider buying more life insurance coverage than you expected, to provide for all of your final expenses.
Keep in mind, your savings can help to provide additional funds toward your final expenses. Some final expense life insurance plans offer up to $20,000 or more of coverage.