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Can it be a good idea to buy life insurance for yourself to pay off debt in case U die tomorrow?

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Even if U happen to be single

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  1. Well, think about it.  If you're single, and you die, who cares about your debt?  I mean, why spend money, to take care of your CREDITORS?  You'll be DEAD!


  2. it is not a bad idea, if you are single and die any assets you have would have to be sold to pay off your debt. If you don't own a home or a car then the debts could go unpaid. If you leave life insurance behind it would help your family pay for the funeral and clear your debts. Remember someone will have to take time off work to take care of your home and belongings. It would be nice to compensate that person and not leave them in a financial bind because you did not have any or enough insurance.
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