When Do You Need Life Insurance? 
You need life insurance once you have obligations that would be unmet if you passed away . This could include such things as providing for the financial well being of your family , ensuring the continuation of a business , or retiring debts incurred by you during your life . Once these obligations exist , you should seriously consider purchasing life insurance . Notice that several of these items could exist for one person all at once , which would further increase his or her need or life insurance . 