You need life insurance if anyone will suffer a financial hardship caused by your death. Our ability to earn an income is what makes us so valuable. If that income stops, your family will suffer. Life insurance can be used to fulfill all of your family’s future needs by replacing your income. Many people will also use life insurance for specific needs such as making sure the mortgage is paid off and leaving the family with a debt free home. Other people use life insurance as means to pay for burial expenses. It is safe to say that sooner or later we are all going to die; it is our responsibility to prepare for that day so our family won’t suffer financially, as well as emotionally.