Life Insurance isn't for everyone. Here's a look at some guidelines as to who does and who doesn't need Life Insurance.

Who doesn't need Life Insurance
Anyone who's financially well off enough that survivors can meet all their financial needs and obligations using existing financial resources, without the possibility of depleting those resources.

Who does need Life Insurance
People with someone who depends on their income. The classic example is a wage-earning parent: If he or she dies prematurely, the surviving family members will need the financial help that only Life Insurance offers. Another example is an adult son paying the bills for his elderly mother's assisted living apartment.

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From Insurance for Dummies © 2001 by Wiley Publishing, Inc. © 2000 Text and Author Created Materials Copyright Jack Hungelmann. Used by arrangement with John Wiley & Sons, Inc.

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