I'm Single ... Do I Need Insurance?

Kim's right - she doesn't have any heirs or debts and thus doesn't have a need for life insurance.

QUESTION: Kim is 40 and wants to know why she needs life insurance if she doesn’t have any heirs.

ANSWER: If you have no heirs or debts, you just need enough money to bury you. If you have a few thousand in a Roth IRA or an emergency fund, that’s enough. You don’t need life insurance at all in your case.