Jun 19
Do You Need Life Insurance?
I know it’s not polite to answer a question with a question, but do you have children? Other dependents? If the answer to those questions is ‘yes’ then the answer to whether or not you need life insurance is also ‘yes.’ If you answered ‘no,’ however, it doesn’t necessarily mean that you don’t need life insurance.
Of course, if you have children, foster children, or close friends or relatives who depend on you, then you need to have enough life insurance so that at the time of your death, especially if it occurs unexpectedly, all your dependents will be cared for. This means housing and living costs at the very least, with provisions for college educations for minors and retirement costs for your partner or spouse.
More after the jump…
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