amily and other people who may depend on you for financial support. Life insurance pays a death benefit to the beneficiary of the life insurance policy. Over the years, life insurance has also evolved to provide options for building wealth or tax-free investments. Who Needs Life Insurance FAQ Is life insurance only for people who have a family to support? When should you buy life insurance? We'll go through these questions and common scenarios of when life insurance is a good idea to buy based on different situations. This list will help you decide if it's time for you to contact your financial advisor and start looking at your life insurance options. Do I Need Life Insurance If I Have No Dependents? There are instances where life insurance can be beneficial even if you have no dependents, the most basic of which would be covering your own funeral expenses. There may be many other reasons too. Here are some guidelines to help you decide if life insurance is the right choice for you: At What Life Stage Should You Buy Life Insurance? The first thing you need to know about life insurance is that the younger and healthier you are, the less expensive it is.
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