However, you may want to consider the following to help you decide whether or not you need life insurance:
1. Do you have significant debt that your estate assets will not cover?
2. Do you have money set aside to pay for your final expenses including any medical costs and the cost of your funeral and burial?
3. Do you own a business with partners where you need life insurance on their life in order to be able to buy-out their share of the company if they should die?
4. Do you want to leave a legacy in the form of a charitable contribution to some charity or religious organization?