Do Single People Need Life Insurance?

I am single, childless, parentless, siblingless. Do I need life insurance? If I have debts and a mortgage, if there is no family to have to settle it what happens? My friends are telling me that even if I have a will with an executor, (not filed with the state) there is no obligation on their part to pay off my debts if they are not family.Debt is not inheritable. Not even for family members.

Life Insurance for a Single Person?

I am single. Do I need life insurance? Single people often think they don't need life insurance, and in many cases, they are right. However, there are many factors that determine your need for life insurance. Your marital status is just one of those factors determining your life insurance needs.What you need to consider is if you died tomorrow, would you leave enough money behind to pay for your

Do Single People Need Life Insurance?

I am single. Do I need life insurance? Single people often think they don't need life insurance, and in many cases, they are right. However, there are many factors that determine your need for life insurance, including marital status and number of dependents.Many people choose to buy life insurance to provide money for;1. Paying their final expenses and funeral.2. Paying off their outstanding