Why Does A Single Person Need Life Insurance? 
I think there is an image out there of single people as being carefree , unencumbered , no responsibilities . So no need for life insurance . However , I have come across so many single people that are just the opposite , that it makes you think : sure , a whole lot of single people really do need life insurance . Lets suppose you are a single person who is 22 years old . Youve got a girlfriend , or a boyfriend , or both -LRB- yep - sign of the times . -RRB- Just finishing up school , thinking about getting a job . You know at some point youll be married , or at least living with somebody , paying bills , forming some kind a codependent relationship . Maybe you will buy life insurance then . Why wait ? You know that pricing is based on age . Why wait four years when the price will be that much higher ? Buy it now . Lock in at the lowest rate available . Be smart . Now lets suppose youve got a bunch of college debt to carry around with you . Some credit card charges too . God forbid a drunk driver should nail you tomorrow night . Why would you want to saddle your family with these bills ? If your parents have cosigned the loan , or if you have a joint account , they are certainly exposed . Even if they havent , get them out of the line of fire of a greedy creditor . Pick up some cheap life insurance to protect them . Its the least you could do . Another point : do you know how many single men and women out there are successful ? Are making hefty incomes ? Are thriving entrepreneurs ? Tons . Many people postpone marriage and family to get their little empire launched . Along the way , they pick up bank debt . They have businesses to secure . They set up charitable foundations . They set up a whole network of financial interests , and they are at the center of that network . Where they to unfortunately disappear , the entire network would unravel . So they buy life insurance to secure their interests . As would any responsible mover and shaker . 