If you have ever been told that marriage and children are very important elements in the decision to get life insurance, they have not lied to you. There is no doubt that the fact of having a family, totally or partially dependent on you, is an incentive to protect you against the possibility that what nobody wants to happen will happen. This could lead you to the conclusion that if you are single and have no children, you do not need life insurance. But it is a somewhat hasty conclusion.
It is true that life insurance is acquired twice as married as single; but these are a quarter of all those who acquire life insurance, so their presence is far from being testimonial. The first reason for this is that single, as you well know if it is your state, does not mean, in any way, that it is a hermit who does not know anyone or has any relationship with anyone. Many singles have loved ones, the first of them their family; close people who sometimes even depend on one or, in any case, are people to whom the person wants to leave something if unexpected things happen .
The second big reason is that life insurance, like insurance in general, nowadays is rarely presented in a totally pure way, with only one coverage . An insurance that guarantees compensation for death can also guarantee benefits for total or partial disability , or illness, or accident. All these circumstances can happen to anyone, and although in the case of death obviously the interest of the insured is in favor of other people, these coverage works are already in the interests of the insured. As a consequence, it is much more the same if one is single, married, widowed or a member of a tribe; the important thing is to feel personally protected.
Life insurance not only covers the death, it can also guarantee benefits for total or partial disability, or illness, or accident.
All this, of course, without taking into account life-savings insurance , in which one might think that the interest of the single person is even higher than that of the married one. In the case that both members of the marriage work, in the home of the married are, by definition, two who save for the future; But the bachelor is alone, so he must look for his future with more interest .
In fact, speaking of protection against death, it may surprise you to learn that the one acquired by bachelors and married barely varies. Both buy insurance that guarantees the payment of about 48,000 euros in the case of death . So, while it is true that married people are insured more often than single people, it is not true that they get more insurance. And that gives the measure of to what extent many unmarried people, despite being in that state, perceive the need to protect themselves against the risks inherent in life and, in fact, they do.