Does A Single Person With No Dependents Need Life Insurance? 
Life insurance can help make one 's passing a less traumatic experience for survivors , and this includes those with no dependents . Life is unpredictable , and medical costs or other misfortune can eat up savings and investments intended to pay for funeral costs . Because life insurance pays at one 's death , it will be there when the need arises . The death benefit is paid quickly , it is usually nontaxable , it goes to the beneficiary you most trust to handle it well , and it can take care of final expenses and debts much more simply than having to wait for probate . Also , a single person may be the owner of a business or wish to leave money to charity , in which case life insurance can help create a business succession plan , or give to the charity in an organized and cost effective manner . 