Who Needs Life Insurance?

There are many people around the world, including people in the US, who think that they do not need life insurance. According to the statistics collected by a 2017 barometer study, there are 41% American who do not have life insurance at all while 70% think that life insurance is a basic necessity of  life.

In reality, life insurance can cover many of your needs in case you were to die with a family to feed behind. This is an era where being smart is more important than being hard working. And being smart here is to get a life insurance from a company like life insurance to secure your  future.

Without much ado, let’s find out who needs life  insurance:

Life Insurance For A Bread  Winner

The most important person in a family is one who earns bread for the whole family, at least from a financial perspective. A house would turn to shambles if the person who is the only source of income for the house, were to die. This is why such a person should get life insurance because it would cover basic necessities for the  family.

Parents Who Stay At  Home

It’s not necessary that the person who earns is the only person who should get insurance. A housewife or a parent that doesn’t have a job can get life insurance  too.

This will make sure that the children are taken care of when they are not there to look into the matter any  more.

A Special Child’s  Parent

It’s daunting to cover the needs of a child who is special because of the extra care he/she may need. A parent might leave no stone unturned to provide comfort to their special child, however, mishaps are bound to happen, such as death of a parent. Here’s where life insurance would come in handy. When a parent is insured and dies within the term years, then the insurance company will take care of the needs of the special child. In such cases, opting for permanent life insurance policy is a better option because your insurance money will be paid no matter when you die and will benefit your  child.

A Family Who Lives In A Rental  House

It can be daunting to pay for your mortgage payments if the breadwinner of the home were to die. When you are insured with an insurance company then the company will pay for your mortgage  bills.

Things to  Remember

Remember that the benefits you enjoy depend on the company you choose. You must make sure to go through the policies in detail so that there are no issues in the end.


Life insurance isn’t just for these people but for everyone. There should be at least one person in every family with full life insurance. It will not only give you peace of mind, but also make your family members feel  comfortable.

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.