Is Life Insurance Needed? 
Life insurance is a need for some people . They simply have no way of ever saving the amount of money it would take to care for their family , pay off their mortgage , or even pay for their funeral , if not for life insurance . Some people truly do have so much money in savings or investments that they do not have a `` need '' for life insurance . However , data shows that `` rich '' people like life insurance because it is readily available upon death , it is tax friendly , and they can leave it to whom they choose . 