It depends. Is there anyone that you provide financial support for such as a spouse, children or other dependents? Are you potentially subject to estate taxes? Do you have concerns about ensuring the continuity of a business you’ve worked hard to build? For these and other reasons, life insurance could be a vital part of your overall financial plan – but it’s not necessary for everyone. Depending on your needs and the type of insurance that’s appropriate for you, it could also potentially be used for multiple purposes – not only when you die, but while you’re alive as well.
If you’d like help in determining whether you need life insurance, please contact us.