How Much Life Insurance Do You Need (If Any)?

By Anna Bahney

Before we deal with the downer of your death, let’s talk about your life. Does anyone depend on you? Like, financially, depend on you? No? Then you’re probably fine without life insurance. Of course, there are certain circumstances in which a single person with no one financially dependent upon them would need life insurance. But, generally, financial advisers say young, single, childless folks can focus on paying down debts and building up savings first.

If, however, you have a spouse or children, you need to think seriously about what their lives will look like if you die and they discover there’s no backup plan. Read full article

Author: Anna Bahney

Source: Cable News Network

Retrieved from: www.money.cnn.com

 

 

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