When Should You Buy Life Insurance? 
You should buy life insurance when you have financial obligation that must be paid upon your death that you do not want others to be burden with . For example , do you want your family to pay your funeral expenses , your credit card debt , your mortgage and bank loans . Probably not so many buy life insurance to provide the funds needed to clear your obligations . Question , are others depending upon your income to sustain their living expenses ? If so , then you can use life insurance proceeds upon your death to provide for their continuing need for financial support . 