Host: What questions should I ask to determine if I need life insurance?
Bob Ley: If I died tomorrow, how would my loved ones fare? Would they have the money to pay for my final expenses, funeral cost, medical bills, taxes, debts, lawyers etcetera? Would they be able to meet on going living expenses like rent or the mortgage payment, food, clothing, transportation cost, health care, without having to change their lifestyle. If you have secured these immediate needs what about long range goals? Like money for the kids college or your spouse's retirement.