Can you ditch your life insurance?

Christian Science Monitor - 'Say you didn't have any kids, your spouse has a law degree, and you don't owe a lot of money in your business. You may not need to get life insurance,' says Bill Gustafson, senior director of the Center for Financial Responsibility at Texas Tech University in Lubbock. 'Because she's got human capital, she'd be able to enter the labor force if something happens to the other person.'

It's enough to make an insurance agent tremble: Millions of cash-strapped Americans are saving money by going without life insurance.

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"Say you didn't have any kids, your spouse has a law degree, and you don't owe a lot of money in your business. You may not need to get life insurance," says Bill Gustafson, senior director of the Center for Financial Responsibility at Texas Tech University in Lubbock. "Because she's got human capital, she'd be able to enter the labor force if something happens to the other person."

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