Skip to main content

7 reasons why single people need life insurance

Image of smiling african american woman using cellphone while sitting

By: Colleen Trout

“Many believe life insurance isn’t a necessity while they’re single, but nothing could be further from the truth. Life insurance is for anyone, and it is useful in many more situations than just providing a cushion for a spouse in the face of suddenly lost income. Here are seven reasons why you might need life insurance even if you’re single:

You have debt. Most Americans owe money for one reason or another. Whether it be a mortgage, car note, outstanding medical bills or just a general loan, one of the questions concerning debt remains the same: Who would be responsible for paying it back in the event of your death?”

Click here to read more.