Please tell me what kind of life insurance I need

You need term insurance and 10x your annual income is probably the minimum amount you'd want, but you need to take into the financial goals you'd want it to achieve to come to an accurate number. Income replacement for living expenses? Paying for education? Pay off mortgage/other debts? Stay away from whole life/universal. Insurance is NOT an investment, no matter what salespeople who make huge commissions off it say.

We have USAA and I'd recommend if it's available to you. Beyond that, I don't have any company recommendations.

Term.

Often, your home and car insurance agent can also set up term life insurance too. We currently get it through DH's work but have been talking about getting another policy through our home insurance agent as well.

In terms of funeral cover, the Consumer protection agency here just did some investigation into insurance cover and in most cases you're much better of just saving for it. If you cover it though insurance you'll almost certainly end up paying way more than it would actually cost.

You can also get 20 year Level term - or 15 year, or 10 year - where the premiums and the amount of $$ coverage remain the same for the length of the policy. Seems high at first, but towards the end, it seems much cheaper (than what you would pay for the same amount of insurance. We did 20 year when our children were young - it expired a few years ago, and they offered us a renewal - we chose a 10 year policy this time, with half the amount $$ of coverage, that should get us to DH's retirement. You may want to check into it. It is term, not whole life.

How long you need life insurance depends on your particular financial situation. It's common that most people can "self-insure" after any dependents are out of the house, but there are always variables. Some people want life insurance to be able to give their children and/or grandchildren a lump sum upon their passing. Some people have family members/adult children who rely on them for support for a variety of reasons nd will continue to need that support. Or perhaps there is still a mortgage and you want to pay it off if either spouse dies. Or or or. There are LOTS of possibilities, so be sure you identify what your specific goals/needs are with the insurance and use that to determine how much you need. In our specific financial situation, we don't foresee any need for life insurance after DS is on his own, but that's just us. 

Term is not an investment. You pay your monthly premiums and if you don't die before the policy expires, you get nothing back. BUT. The premiums are MUCH lower than whole live/universal for MUCH higher coverage - don't let insurance salespeople convince you you'll come out ahead with whole life. That's almost never the case. If you buy term and invest the difference in premiums between term and whole life in a good index fund, you'll end up with a lot more money than if you dump it into a whole life policy. 

I'm not a Dave Ramsey fan in general, but am in 100% agreement with him on the term vs. whole life issue. I'm sure his website has some examples and more detailed information about why term is the way to go.

wouldn't it be better to have it specified in a Living Trust?

I just redid my life insurance. For my family we went maybe a little higher $ but just long enough for the youngest to reach mid-twenties. in our case dh insurance payout definitely plays into the total picture and will help pay for my kids' care if something were to happen to me before they came of age.

My accountant put it this way - you want enough to help your kids get started, not set them up for life.