Why do I need life insurance?

The benefits guy at work keeps telling me that I need to sign on to the company's term life insurance plan. I've told him repeatedly that I don't have a family, and I know of no one to whom I'd leave my possessions or money. However, he still insists that I need the coverage. For what reason would I need coverage under these circumstances? Everyone is missing the point. If you're dead, then why care if you have unpaid bills. You're dead. Burying you or throwing you in a ditch will make little difference to you at that point. They can't take from my family's assets, because I have no family, and it's not as if I'll need my assets anymore after the fact. With this in-mind, now answer the question.

Asked By: temporos - 5/3/2009
Best Answer - Chosen by Asker
You may not have a need for a lot of life insurance right now. But you do need at least enough for final expenses, including burial, any unpaid medical bills, other debts, etc... More
Answered By: james m - 5/3/2009
Additional Answers (5)
so when you die , there will be money to bury you !
Answered By: pendleton4068 - 5/3/2009
Just like the person above said, but I say get a whole life policy for the reason of burial. A term policy with your company is just that. If you g******d off and die the next day you have no coverage. Get a policy outside your company so you will be better protected.
Answered By: mazz - 5/3/2009
You need to take life insurance now because you may not be able to get it later. Usually they have an open enrollment period and after that you might not be able to get it later when that period closes. And, you also might not be able to get life insurance later if you get health problems... More
Answered By: car253 - 5/3/2009
Same reason you need a chain saw... More
Answered By: mbrcatz - 5/3/2009
Maybe you don't, but if it's free or costs next to nothing it might be worthwhile picking up should you later in life need it and not be able to get. Unlike....other tangible can't choose to buy insurance whenever you want. You have to be able to qualify for it. It has NOTHING to do with being cheaper... More
Answered By: Insurance - 5/3/2009
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