02-04-2024, 02:30 PM
Whether you need life insurance depends on your financial responsibilities and goals. If you have dependents or significant financial obligations, life insurance provides a financial safety net, ensuring your loved ones are protected in case of your death. It can cover funeral expenses, debts, and replace lost income. However, if you have no dependents, substantial savings, and your death wouldn't create financial strain for others, life insurance may be less critical. Assess your individual circumstances, considering your family, financial situation, and future plans to determine if life insurance is a necessary and beneficial investment for your peace of mind