Do I need Life Insurance?

Everybody asks themselves 'Do I need Life Insurance?' at one time or another. It is a fact that almost every aspect of our lives involves insurance, you drive a car that must be insured, you have possessions that need to be insured, but what about your life?

A couple of great questions to yourself are:
“what would happen to those that depend on me if I were to die today?”
and
“what would be the negative economic impact to those people?”

If your family or loved ones depend on you financially, then you need life insurance.

If you are young, single, and no one depends on you for income, then you might only need enough life insurance to take care of final expenses. And, since final expenses run about $5,000, you might not really need a life insurance policy at all.