Why do I need life insurance? There are couples of answer to the single question such as to pay the mortgage, to maintain the current standard of living, to pay for the family expenses, and to fund for kids' education if you are no longer on the earth. Life insurance may help your dependents to lead their normal life after your departure. With the life insurance policy you can fill economic gap in your retirement, bring change in your life, and replace income, and more. Let's find details about the necessity of life insurance in our life. When you die who will take the responsibility of your family income? If your answer is a spouse or children, then think how will they manage a better income source for their survival in your absence? In this regard you may consider a life insurance policy as an effective income replacement tool. Although there are available methods to determine your income replacement needs. You need to consider the whole circumstances to make sure the proper method for your income replacement. You may emphasize on your personal situation to determine the best method for your income replacement with the help of life insurance. Life insurance may be an interesting and useful tool for the many individuals and families who are proceeding to take retirement and who have already retired. Many retired couples depend on the pensions and social security to survive them. But when one spouse dies the amount of pension may be reduced. It may cause a great sorrow in the life of aging people. In this particular situation life insurance can fill the economic gap of aging people. In addition, life insurance can bring many positive changes in our personal life. It may bring stunning change in our marital status, job status, and living status, and so on.