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Who needs life insurance?

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Anonymous

17y ago
Updated: 8/16/2019

Anyone who has people who rely on them for financial support may need life insurance. For example, if you have family members, such as, brothers, sisters, parents, or grandparents, sons or daughters, or a spouse, who rely on you for money to survive - you need life insurance. Life insurance can replace your income if you pass away. Your beneficiary may choose to invest the life insurance proceeds from your life insurance policy, and live off of the interest that is paid from the investment made with the proceeds.

Almost everyone should have life coverage, especially a person who has substantial financial obligations to his family. Life insurance ensures your beneficiaries are financially safe and secure in case of your untimely death.

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Wiki User

17y ago

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