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Not everyone needs life insurance. People who’ve accumulated enough wealth to cover their final expenses and who don't have dependents can usually forgo paying for life insurance. On the other hand, there are several groups of people whom experts say should strongly consider life insurance, such as couples, parents of young children, and mortgage holders. Couples should each have life insurance in case one passes away so the other can maintain the same quality of life. People with young children are strongly recommended to have life insurance to protect their family. Homeowners should take out life insurance so that the death benefit can pay off the mortgage. Business owners and those who want to pass down a financial legacy are also advised to purchase life insurance.