Why Do Single People Need Life Insurance? 
Single people can use life insurance for many purposes . Perhaps they want to leave an inheritance to a favorite relative , or a donation to a favorite charity . Life insurance is a tax favorable way to pass wealth to another person or group . They may have debts that they want to pay off in a quick and simple manner with the cash that life insurance provides . They may want life insurance so that a business partner can buy their share of the business upon their death . Life insurance is also a good resource for paying funeral expenses . It does not go through probate and is awarded in a fairly quick time frame . Single people often choose to take out some extra final expense life insurance coverage to help pay for the costs associated with settling their estate . 