Life insurance is designed to protect your assets and pay your obligations should you pass away. A few reasons you may need life insurance include:
You are married
You own a house with a mortgage
You are the sole provider for your family
You want to cover funeral and burial expenses
You want to build tax-deferred cash value
You want to supplement your retirement income
You own a business
You have large debts
This is not an exhaustive list of reasons for life insurance, and most everyone benefits from having some type of life insurance coverage.