Here is a question that I am asked often. Do I need life insurance if I’m single?
Single people with no children often don’t need life insurance because no one is relying on their income. But there are some reasons why you might need life insurance if you’re single.
So ask yourself these questions and it might help you decide.
1. What if you died, who would pay for your funeral? Even a simple ceremony could be costly. If you don’t have life insurance, someone else like your relatives may have to foot these bills. And even if you have only a small policy, the death benefits could be used to cover these expenses.
2. Do you have debts in excess of your assets, or do you owe money together with someone else? Perhaps you’re a joint debtor with your sister on her mortgage. If you died, she’d be responsible for the entire debt. Would she be able to make the monthly payments on her own? A life insurance policy naming her as your beneficiary could give her enough funds to cover your share of the mortgage, or perhaps to pay off the entire debt.
3. Could it be possible that your health will deteriorate in the future? Maybe you have a family history of cancer or heart disease. If that’s the case, you might have trouble buying life insurance later when you’re older, especially if your health has begun to decline. So even if you’re single now, you may be wise to buy life insurance now before it gets too expensive or you become uninsurable. After all, you may not stay single forever.
4. Income from a permanent life insurance policy could be a very good source of income when you retire and remember, if it is structured properly, the income is tax-free and non-reportable. Because of this you might be able to keep more of your Social Security Benefit Income in retirement.
So think ahead when determining your life insurance needs.
Investing involves risk. Always do your own due diligence and consult a trusted financial professional before making any investing or financial decisions.
PRAISE FOR JERRY 'S BOOK "Jerry Robinson does an excellent job of explaining the 'Petrodollar' system. His book explains exactly how this will come about, but equally important is the comprehensive section on what you can do to protect yourself."
Topics covered on this special webcast In this members-only webcast, Jerry Robinson breaks down the newly passed GENIUS Act and its far-reaching implications for stablecoins and tokenized finance. He also shares key insights on navigating today’s evolving crypto...
Segment 1: Crypto Week on Capitol Hill SEGMENT BEGINS AT 01:45 In this segment, we dive into what’s being called “Crypto Week” on Capitol Hill—why it matters, and what it could mean for the future of digital assets. Topics include: The CLARITY Act The...
(Recorded on 07/15/2025) In this live webcast, Jerry Robinson shares his latest long-term portfolio buys and sells, including select stocks and crypto. Plus, he provides his signature Charting the Markets segment covering stocks, gold, Bitcoin, and much more....
Please help us spread the word about FollowtheMoney.com on Facebook, Twitter, and any other social media outlets.
Silver & Gold
Call 800-247-2812 now for the best prices on gold and silver coins and receive Free Shipping and Insurance when you mention Follow the Money.
Weekly Newsletter
Stay in the loop!
Sign up today to receive our weekly e-newsletter.