1. Steve SavantPRO
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    A single person may have immediate or related family members, business partners or favorite charities that he or she wants to protect and/or transfer assets to when he or she dies. Life insurance can also be a tax advantaged supplemental retirement plan that designed correctly may generate tax free distributions in the future.
    Answered on July 30, 2013
  2. COO and Senior Agent, Outlook Life, All 50 States
    A single man may need life insurance to pay off bills, a mortgage or loans. Having life insurance to cover funeral expenses is especially helpful for a single man, as there will not be a spouse who is there to take care of that obligation. A single man may also want to leave money to relatives or charity, which is easy to do with life insurance.
    Answered on July 30, 2013

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