I’m single and I don’t have kids. Do I really need life insurance?

Life insurance is designed to provide financial resources when someone dies. We typically think that life insurance is for people who are married or have children.

It may be a good idea for singles, too, especially if you’re in one of these situations:

• You financially support siblings, aging parents or someone else
• You have debt (credit card debt, car loans, etc.) that someone else would be responsible for in the event of your death
• You expect to help pay for future educational expenses for a child in your family
  
  

If you know you’ll want life insurance eventually, you may want to buy it now. If you develop health problems before you buy, the price could go up significantly or you may not even be able to get coverage.

• Email
• Print
• 
• 
• 
• More Options

• View all questions
• Submit your question
• Give us your feedback