What kind of people need life insurance the most?
Terms in this set (15) Most people buy life insurance to protect someone who depends on them from financial losses caused by their death. Households with small children have the greatest need for life insurance.
Who has the greatest need for life insurance quizlet?
The most straightforward answer to the question of who should buy life insurance is: Anyone who has reached a point in their life when someone else relies on their income, whether that's a child, a spouse, a significant other, or simply a business partner.
Who is life insurance best suited for?
If you're a single person with no dependents, you probably don't need life insurance — at least not yet. Financial experts recommend life insurance particularly for people who financially support either a spouse, children, or other relatives. That means people other than themselves rely on their income to live.