Does A Single Person With No Dependents Need Life Insurance? 
Insurance covers losses . When a single person dies someone will be responsible for the financial cost of a funeral . A single person can view insurance as a way to ensure that whoever covers the funeral will have ample resources to do it . Single people can also use insurance to add to their personal savings portfolio . They can use products like Universal life which has a savings feature and still offer a death benefit to those who will handle funeral arrangements . A single person should talk to an agent and get some quotes on the various types of insurance available to them and see if it meets their needs . 