Help protect your family’s future. Enter your zip code to get your free quote today!

Get Your Free Quote

Do I Need Life Insurance If I Have No Dependents?

If you’re single and have no children, it may be natural to wonder if you need life insurance since you have no dependents. But even if you don’t have anyone financially dependent on you, there are plenty of good reasons why life insurance is still a good idea.

Life Insurance With No Dependents

So why would someone take out a life insurance policy if they don’t have anyone depending on them for income? There are several reasons.

1. You may not be without dependents forever.
People are getting married and having children later in life than ever before. Just because you have no dependents now doesn’t mean you won’t later on in life. By locking in a life insurance policy at a low rate now, you can ensure you’ll have a plan in place if you ever do get married or have children.

2. You may not have dependents, but you do have beneficiaries.
You may not have anyone financially dependent on you, but you may have people in your life that could benefit greatly if you purchased a life insurance plan. Your sibling and their family may not rely on your income, but a life insurance payout could certainly leave them with a nice gift in your memory.

3. You want to take care of your final expenses so your family doesn't have to.
Even though you have no dependents, someone in your family may still be financially burdened by your death. Funerals can cost thousands of dollars and your family will surely want to give you a proper service.

4. You provide care for your parents.
Support comes in multiple forms and not all of them are financial. If you are providing care for a parent or grandparent in the form of housework, cooking, transportation or more, there is financial value in your services that would have to be replaced if you were to die. A life insurance payout can make sure those family members are adequately equipped to pay for any such services in your absence.

5. You wish to leave your legacy behind.
You can take out a life insurance policy and choose to leave a charity or other organization as your beneficiary. This allows for your legacy to live on after you’re gone in something that you were passionate about.

The Best Time to Buy a Policy

The best time to buy life insurance may be right now. Life insurance rates can be based on age, medical history and current health status so a young person who is still in good health can typically acquire a policy for a much lower rate than someone older.

Have questions about life insurance? Contact licensed life insurance agent online to see how a life insurance policy can be beneficial even if you don’t have any dependents.


This is an advertisement for life insurance. 
Applications for life insurance may be subject to acceptance by insurer. Issuance of the policy may depend upon answers to health questions. Rates and coverage amounts depend upon the carrier selected. Your policy may be subject to underwriting approval. You will receive only the benefit amount in the policy issued.

Help protect your family’s future. Enter your zip code to get your free quote today!

Get Your Free Quote

Related Information

Determining Your Life Insurance Policy Length

How long should you have life insurance for? There are three key indicators that can help you determine the answer.

Read More

Do You Need Life Insurance to Buy a House?

You aren't required to have life insurance to get a mortgage, but having a life insurance policy while you are making mortgage payments could be beneficial.

Read More

Can You Have Two Life Insurance Policies?

You can have as many life insurance policies as you can afford. For some, it may be a wise choice to have more than one policy.

Read More

How Much Life Insurance Do I Need?

How do I know how much life insurance I need? You can determine the figure by considering your debts, assets and income.

Read More

Why Do I Need Life Insurance?

If you are starting a family, or own a home or business, a life insurance policy can help ensure your loved ones are protected if you die unexpectedly.

Read More

Why Do I Need to Have Life Insurance?

Here are 7 essential reasons for you to have life insurance. Compare term and whole life insurance and find a policy that's right for you and your family.

Read More

Life Insurance Options For People 65 Years and Older

If you are 65 years or older, you may still be able to buy certain types of life insurance policies. Learn more in this guide.

Read More

How Much Will Life Insurance Cost Me?

How much you pay for life insurance depends on your age, health, the type of insurance policy you buy and how much coverage you want.

Read More

How Much Life Insurance Coverage Should I Purchase?

Life insurance coverage amounts can range from the thousands of dollars into the millions. Learn how to pick the right coverage amount for you.

Read More