Does Everybody Need Life Insurance? 
Everyone can `` benefit '' from having life insurance but not everyone `` needs '' life insurance . If you are lifelong single , have no debts , have prepaid all your final expenses -LRB- funeral , cemetery , cremation -RRB- no dependents what so ever , have no charities , people or organizations that you want to transfer money to upon your death ... you have the least need for life insurance . But even then you could benefit from the tax-free cash accumulation of a dividend paying whole life policy . You just have to assess you wants and goals and measure them against the cost . 