Everyone tells you that you need to have life insurance. Even if you’re 22 years old with no family or dependants, people tell you that you need to spend part of your hard-earned cash on a life insurance policy.

Truth be told, most folks can benefit from the peace of mind that comes from having life insurance. Let’s say you’re a dad of two and you’re the primary breadwinner in the family. If something happens to you, your wife and kids aren’t going to be able to survive very well on Social Security death benefits. You want to make sure they have a comfortable life, just like they would have if you hadn’t died.

Still, there may be some reasons you just don’t want it. Here are the top 10 reasons you don’t need life insurance:

1. You’re not gonna die. OK, so you’ve made Faustian bargain and plan to live forever. Good luck with that.
2. You have free life insurance through work. Many employers provide a nominal amount of life insurance. It usually is less than $5,000, which should cover your funeral expenses. What more could your family need?
3. You’re filthy stinking rich. Because there’s no chance whatsoever that you could come down with a costly disease or injury that could suck the coffers dry before you die, now is there?
4. You don’t like your kids. Hey, who can blame you? We wouldn’t want your little brats running around our house, either. Let the state have ‘em when you’re gone.
5. That life insurance agent is annoying. So what if he’s your brother in law?
6. You enjoy your cigarettes too much. Policies for smokers cost twice what policies do for non-smokers. Keep puffing away, you selfish bastard.
7. You’re afraid the company will go under before you can cash in. In that regard, you probably shouldn’t put any money in your bank, either. I suggest keeping it under your mattress.
8. You’re just selfish. Some folks just are.
9. Your children are filthy stinking rich. As long as they are willing to provide for your spouse after you’re gone, you may be all right.
10. 10. Filling out paperwork is boring. After all, you could spend that five minutes playing Monopoly with your kids.

Photo via jenniferlstoddart