What Are Some Reasons Why I Should Get Life Insurance? 
An obvious reason for having life insurance is for the death benefit , which provides a replacement of your income at your death . There are also many `` living '' benefits to owning life insurance . Permanent life insurance -LRB- whole life , universal life , etc -RRB- build cash values -LRB- depending on the premium amount -RRB- that are treated in a tax favored manner . 