If you have a family, business or both then I would say a life insurance policy is highly recommended. You risk the well being of the people you leave behind if you don't. If you are the main bread winner I would add that you should definitely purchase a policy because I am sure you are a responsible adult and would not want to leave your family/business partners swinging in the wind when their financial security blanket is gone. Just a thought.
Life insurance is only necessary if you have a set outcome that you want to achieve, and you cannot reach that goal without it. E.g. Maybe your goal is that your children can go to college, even if you are not around to finance their education. Do you have enough invested or saved up now to attain that goal? If not, life insurance would be necessary if you died in a short time, because no other vehicle could provide a large infusion of cash into your assets shortly after you took it out.
No one can look into the heart of someone else to determine that something is necessary for them. But you can tell that by looking at your own goals, determining if you have the funds to meet those, and then judging whether life insurance is something that could help you attain those outcomes, either in life or in death.
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No one can look into the heart of someone else to determine that something is necessary for them. But you can tell that by looking at your own goals, determining if you have the funds to meet those, and then judging whether life insurance is something that could help you attain those outcomes, either in life or in death.