For which of these situations is life insurance a good idea?

Question

Quizplus · Accepted Answer

Life insurance is a good idea for those who have dependents, like children or a spouse who relies on their income. Therefore, option A is a good choice as the individual has children. However, option B may also be a good choice, as the spouse is dependent on the single income earner. Single individuals with no dependents, however, do not necessarily need life insurance as there is no one reliant on their income in the event of their passing. Therefore, option C is not a good choice for life insurance.

For Which of These Situations Is Life Insurance a Good