Is Having Life Insurance A Good Idea? 
Video Transcript : Hello , everyone . I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show `` Steve Savant 's Money : The Name of the Game . '' I 'm answering questions from insurancelibrary.com , and today 's question is : Is having life insurance a good idea ? Well , just remember , do you have financial liabilities ? Do you have future obligations ? Do you have any intention for charitable gifting or any kind of inheritance that you want to leave your children or grandchildren ? If any of those questions are yes , then you need to look at life insurance . Now , it could be temporary life insurance , which is term life insurance , which is very , very inexpensive today . But if you have permanent obligations , permanent liabilities , or a charitable intent or a future inheritance where you want to bless your children and grandchildren , you 're going to need to look at permanent . Is it a good idea ? You want to indemnify both earners . Almost all marriages today , both mom and dad are working , so you want to make sure that you indemnify them both , because all their liabilities , whether it 's mortgage or long-term debt , those are all obligations that we carry together as working spouses . Well , that 's our consumer question for today . If you have any questions , just submit them to www.insurancelibrary.com . 