2. A lot of people don’t actually need life insurance.
What typical insurance agents would say about this?
Everybody needs life insurance, even if only to settle for their funeral.
The Fact is:
The goal of life insurance is to link the gap between the money you leave back from other sources and the financial obligations of your dependents.
More to that, you probably need life insurance, if you are the principal provider in your family and you have dependents who would have difficulty maintaining their standard of living if you happened to die.
In conclusion: If you have children who rely on you for financial support and your current profits would not cover their needs, you need term life insurance that affords you sufficient coverage to take care of their obligations until they are financially self-supporting.