If you’re single and don’t have dependents, you might be wondering: “Do I even need life insurance?”
It’s a fair question — but here’s why you still might need it more than you think.
🤔 Why Singles Should Still Consider Life Insurance
1. Final Expenses
Funerals can cost $10,000+. A small policy ensures your family isn’t left with the bill.
2. Debt With a Co-Signer
If your parents or someone else helped you get a loan or credit, they could be on the hook if you pass.
3. Care for Loved Ones
If you’re helping a parent, sibling, or anyone financially, a small policy keeps that support going.
4. Locking in Low Rates
Rates are based on age and health. Buying now locks in savings for the future.
📈 What Kind of Policy Makes Sense?
- Term life: Cheap, simple, great if you want coverage during your peak earning years.
- Final expense policy: Smaller, permanent coverage just for burial costs.
🔎 Final Word:
You don’t need to go overboard, but a small policy now protects your future self and your family. Even if you never use it, the peace of mind is worth it.