Life insurance is a partial compensation for the problems caused by untimely death. It works in the following hazardous situations:

• Premature death of the breadwinner leaving the dependents to fend for themselves.
  
  
• Surviving old age without any visible means of support.

So, even while you may think that you may not need life insurance, cast a thought over the future of your family if they have to survive in your absence. Life insurance gives them the financial security that they will need for the future.