Why Does A Single Person Need Life Insurance? 
A single person may need life insurance for many different reasons . The single person may have debts that they want paid off if something happens to them or they may have other financial obligations that they want covered . If anyone financially depends on a single person , then life insurance would help in that situation . A single person may also need life insurance for estate planning , business purposes like keyman insurance , buy sell agreement , or an executive bonus plan . Life insurance is also a great way to leverage assets for charitable giving . This is a high level overview of possible reasons . It would be helpful to discuss your unique situation with an insurance professional . 