Who Needs Life Insurance Coverage? 
That is a great question ! There are some people that do n't need life insurance , and it is quicker to list them than it is to list everybody else . You do not need life insurance if you can provide for your funeral expenses -LRB- or are n't going to have any -RRB- , leave no debts , and support your surviving family and/or business with money and estate planning that you 've already provided . If that is you , and you have a large cash balance set aside for your passing , then you do not need life insurance . If you are like the rest of us , and have a desire to provide for those we leave behind , or may have difficulty leaving a legacy , paying off our debts , or paying for our funeral expenses , then life insurance is a blessing . Thank you for asking ! 