Protecting Working CouplesCouples who don't have children could find it beneficial to get life insurance to help pay for their partner's funeral. If one partner contributes more to the household, that partner is also able to purchase life insurance to put the other partner in a more financially sound situation.
Protecting Business Owners
For those who own a business or have business partners, it is best to get life insurance to make sure that your business obligations are fulfilled.
Covering Your Parents
If you are purchasing life insurance for your parents, be sure to list yourself as an irrevocable beneficiary. When your parents pass on, you will be able to gain a death benefit from the insurance policy.