Short answer: probably. If something happens to you, your loved ones don’t just lose you—they also lose the financial future you’ve been building. Without life insurance, the people that depend on you may be left struggling financially if you passed. If you provide financial or caregiving support to someone, it’s important to make sure they would be taken care of if they lost you.
Personal finance experts recommend that you have savings and/or coverage that is at least ten times your annual salary. If you have already built up enough savings to provide that safety net on your own, then you may not need term life insurance. If not, getting term life insurance can help protect your family’s future.
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