What Is The Needs Approach In Life Insurance? 
The needs approach method is based on life events most people experience and protecting those events from financial loss using life insurance . Independent life brokerage sources generally maintain life event lists for annual reviews , which I highly recommend . Here is a sample of some of the main events which can be indemnified through life insurance : The need to cover your mortgage and other outstanding debts . The need to pay for the education of your children . The need to coverage your retirement funding . The need to cover final medical bills and funeral arrangements . We can help with that . The needs approach method may also address tax advantaged retirement income or estate taxation mitigation or creating an estate for your children and grandchildren . We can help with that too . 