Life insurance is primarily for anyone whose death would cause a for others. If your income or services (like childcare) support a spouse, children, or aging parents, or if you have shared debts, you should likely have a policy. Who Should Buy Life Insurance
: To provide funds so survivors aren't forced to sell or face foreclosure .
: To fund buy-sell agreements or protect the company if a "key person" dies.
: To ensure a spouse or partner can maintain their standard of living and pay daily expenses.