Does A Single Person With No Dependents Need Life Insurance? 
Need . That 's a personal question only the individual can answer . What would the need be for ? And ` Life Insurance ' covers a lot of territory . When a single person with no dependents asks me if they need life insurance I ask them , `` Do you feel that you need a safe , protected way to save and grow your wealth tax-free ? '' -LRB- And there are a few other questions I ask -RRB- As an Insurance Adviser I 'm a big fan of Whole Life Insurance through a Mutual company because of the tax-free cash value growth . Something everyone can use - even if it 's not a `` Need '' as in the case of people like Warren Buffet , Bill Gates , etc. . 