Is Life Insurance Mandatory? 
Life insurance is not usually mandatory or by law such as car insurance and now health insurance . The exception would be if you were ordered by a judge in a court case such as a divorce or child custody case . The other situation causing life insurance would be a contractual agreement . Some examples of a contractual life insurance agreement would be a secured loan or a business partnership agreement known as `` buy sell life insurance '' . Other than these types of special arrangements life insurance is not considered mandatory , but if someone you care about depends on you for care or finances then out of responsibility you should carry life insurance . Remember life insurance is not for you , it is for them . 