You Might Need Life Insurance If . . .

There's anyone in your life who depends on you.

Life insurance provides them with funds to live on if you should die.

You're single or divorced.

Your outstanding bills may be a burden on your parents or children.

You get married.

You don't want to leave your spouse with a lot of debt on top of his or her grief.

You own a home.

You don't want your loved ones to have to give up their home if they can't make the mortgage payments.

You're expecting a child, have children or are planning to adopt.

You want to ensure that his or her needs will be taken care of, including education.

You're living together, but not married.

In the eyes of the law in some states, he or she has no rights to your assets. However, this person can be named as your beneficiary on a life insurance policy.

You have aging parents.

You'll want to know they'll be taken care of, even if you can't do it yourself

You're a philanthropist.

You can name a charity or your alma mater as your beneficiary and they'll receive continued support

You're young and healthy

Now is the time to lock in low rates.