Do You Need Life Insurance?

You’re over insured if you’re worth more dead than alive

You don’t need life insurance if you:

Are single
Childless
Have no heirs
Have alot in liquid assets (non real estate or business)

Even then, some people get a life policy to leave money to their favorite charity. Also, if you don’t have health and disability insurance, you should concentrate on getting those before life coverage.

Your mortgage may never get paid off. House payments can run up to thirty years, and your spouse must have some place to live. Insurance can pay off your mortgage if you have enough coverage
Your hard assets may be sold at fire sale prices. If non-liquid assets such as real estate may be sold quickly at low prices. Insurance can compensate heirs so they don’t have to liquidate your estate.