Who Should Have Life Insurance? 
That 's an excellent question ! There are some well known televised financial `` guru 's '' that will tell you that you do n't need life insurance , and they are right - if you have a sum of money set aside for covering your funeral expenses , and to provide for your families financial support when you pass . If that is you , and you have the $ 10-15 ,000 currently needed for a funeral , and 8-10x your annual salary saved up for them , -LRB- in a place that might not get tied up in probate - the average is 4 years , at a cost of 40 % of the value of the estate -RRB- then they are certainly right . Do n't buy a policy . If you are in the other 99 % of the group , you probably want a policy . The real answer to your question is do I need to protect my family , and if so , can I do it without life insurance ? Not a lot of people can , unfortunately . If you would like help with deciding if a policy is right for you , please contact me , okay ? I 'd be happy to help you . Thanks for asking ! 