Image by: Patrick Tomasso
When people contact us looking for life insurance, and we ask them why they feel they need it, the most common answer is “to provide enough money to look after my spouse and kids if I die too soon.”
Indeed, income replacement, children’s education funds, and paying off debts are the most common reasons families buy life insurance. But what if you have no dependents? Do you still need life insurance?
The answer is yes. Here are some reasons why.