Who should purchase life insurance?

Who should purchase life insurance?

http://insureme.us/purchase-life-insurance/

For some, Life insurance can be an awful waste of money, but for others it could mean a crucial investment especially for those who really need it.

What if you have kids who depend on your income? Then Yes, unless you are rich enough to be “self insured”, you need life insurance. You need enough coverage to allow your spouse and children to still live a comfortable life in your absence and the absence of your income.

But what if you are a single man or woman living alone in an apartment? Do you need life insurance? No. There is no one in your life that is dependent on your income. Therefore you would have no beneficiaries. You might as well buy a small policy to pay your funeral expenses at death.