Some people think they only need life insurance if they have children, and while that’s definitely a good reason to have it, it’s certainly not the only reason. Even if you are not supporting a family you can still benefit from having life insurance.
In fact, life insurance can do some pretty wonderful things. It can buy those you love the time to grieve. It can pay off your outstanding debts. It can keep your family in their home and fund your child’s college education. It can provide a stream of income for a spouse to live on and it can keep a family business in the family.