Who Needs Life Insurance Coverage? 
Life insurance can be used for many purposes : business succession , estate planning , charitable giving , key person coverage , etc. . Because it has so many great features , life insurance works well for many financial endeavors . But those who really need life insurance are those who have people who need them , who they would leave behind . Unless they have been able to save up hundreds of thousands of dollars in a short period of time , most people with spouses and/or children need life insurance . 