Who Needs Life Insurance The Most?
7647 POINTSview profileMark Bartlett CLCSBranch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance CarriersThose who need life insurance the most fall in two categories. 1) Those who owe somebody. 2) Those who love somebody. If you fall in one of those categories you need life insurance. I can not even begin to tell all the stories I have seen of a loved one passing on leaving the rest of the family decimated without income. To me life insurance is one of the true selfless acts of love one could show their family. I recommend every have this discussion with your family and your agent about your need for life insurance.Answered on May 30, 2013flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaThe people who need life insurance the most are the survivors. These are those who remain after you die. I assume that you love these people. While they don’t need a life insurance policy, they need the money that the life insurance would have brought. They need basic necessities and they need time to recover from the shock of losing you. You don’t need life insurance, they do.Answered on July 11, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question, and one that I am frequently asked. It's easier to tell you who doesn't need life insurance, than it is who does. There is a much smaller group who don't. If you have a fund set aside that you will not need to touch during your lifetime for your funeral expenses and final debts, along with a funded plan to provide your equivalent yearly income for your survivors, you don't need life insurance. Since the vast majority of Americans don't fit that category, life insurance is probably a good idea. The idea behind the insurance is that you do not leave those behind as financially hurt by your passing as they are emotionally. I hope that helps, thanks for asking!Answered on July 12, 2014flag this answer
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