<i>Everyone needs a burial plot. Only those who pass away young need life insurance.</i>
People die young, obviously we hope to live for a long time but sometimes we don’t. Maybe I will live to 120 or maybe I will get hit by a bus tomorrow. *I DON’T KNOW*! That is why I have life insurance because if the worst happens I want to know that my wife and kids will still be able to pay the rent and eat.
So if you have people who depend on your income you need life insurance unless you have enough assets that your family could pay the bills off of them.