1. 63333 POINTS
    Peggy MacePRO
    Most of the U.S.
    Some reasons that you need life insurance may be sitting around your dinner table at night.

    Some reasons have grown up and moved out of your home, but they worry about would happen to Mom if Dad died.

    Other reasons are life insurance's tax friendly nature, how it avoids probate, that it arrives fairly quickly at a time when money is desperately needed, can protect key employees, can be used to transfer an estate, or continue a business, or leave more money than you thought was possible to your favorite charity.

    But whether sentimental or practical, life insurance boils down to people. People are the reason other people buy life insurance.  
    Answered on November 11, 2013
  2. 1554 POINTS
    Marcy Tooker
    Life & Health Insurance Agent, The Tooker Agency, Riverhead NY
    There are quite a few key reasons people need life insurance.

    To provide financial security to the people you love most
    To replace your income
    To cover a mortgage or other debt
    To provide funds to raise your children
    To fund a buy sell agreement
    To pay estate taxes
    To pay funeral costs and final expenses
    To guarantee children will have funds to go to college
    To secure a business loan
    Answered on May 15, 2015
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