The only reason for a single person with no kids to have life insurance is to cover whatever debt he/she has.
QUESTION: A listener asks if he should have life insurance since he is single with no kids.
ANSWER: If you’re single with no kids your need for life insurance is very low.All you need to cover is whatever debt you have.That’s the only reason you would need a little bit of life insurance in case of your death.If your employer supplies one or two times your income, that’s all you need as a single without kids.
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