Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
11 Answers
- aLv 42 months ago
When we were babies and my parents had limited income, they took out life insurance policies that would cover our burial.
It makes sense to have the breadwinner in the family covered so his/her death doesn't leave the family destitute.
- AnonymousLv 72 months ago
Last I checked, funerals aren't free. That's great that you have savings, but it's cheaper to buy life insurance, just like it's easier to buy car insurance over having to buy another car.
- TedExLv 72 months ago
Yes. Every one of them. I am not about to have someone start a "gofundme"to pay for someone;s funeral expense.
- n2mamaLv 72 months ago
Yes. I have insurance through my employer and pay for additional coverage. We have private insurance on my husband. And I insure my children with a minimal amount for literally pennies a month through my employer. While we would never expect anything to happen to them, the insurance would cover the costs of burial so I wouldn’t have to deal with that stress during a truly horrific time.
- fcas80Lv 72 months ago
You buy life insurance to insure against the death and subsequent loss of wage income for people who depend on that income. For someone not working, or when there is no one depending on the income, there is no need for life insurance.
- Anonymous2 months ago
No.
My spouse and I have no kids and when the first one of us dies, there is enough that the other won't have to worry (about money).
- Anonymous2 months ago
Its just me, no need for insurance.
- A HunchLv 72 months ago
No.
No one in my household has life insurance.
No one relies on us for income, although if one of us passed today there would be a decent inheritance.
- Anonymous2 months ago
I live alone but I do have life insurance just in case.