Do you have spouse, children, or aging parents? If someone depends on your income or your contributions to live, then you need life insurance. Even if you’re not the breadwinner in your household, your family depends on you in other ways. For example, a stay-at-home mom is responsible for a lot of the household responsibilities, so consider the amount it would take to fulfill all of those same responsibilities. For breadwinners who may already have life insurance provided through your employer, an individual life insurance policy can provide extra protection with additional benefits you won’t get from supplemental insurance through your work’s group life policy.