When Don't I Need Life Insurance? 
The logical answer to this question is that you do n't need life insurance when you have saved or invested enough money that your needs will be take care of , in the event of your death . However , this does not take into account unforeseen expenses that might deplete your cash reserves , savings , or investments . Aside from the temptation to borrow from cash value life insurance , you can count on your life insurance death benefit to be there , because it does not pay out until your death . That makes life insurance a valuable part of your financial portfolio for the rest of your life . 