Will My Group Insurance or Social Security or Mutual Fund Assets Cover My Life Insurance Needs?

It depends on the case, but in most scenarios, no, your group insurance, social security or mutual fund assets will not cover your needs solely without life insurance. Life insurance needs, oftentimes, are greater than the funds that are available to cover those needs.

If, you believe that your other funds will cover these needs, the next step is to examine those needs and the currently existing supply of funds more in depth. This will help you to determine how much coverage you need, how much it will cost; thus, making it easy for you to determine your needs.