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People are less apt to actively seek life insurance than health insurance. Private sources are the only available sources for life insurance. Life insurance is extremely important if you are single and living alone. There is only one type of life insurance. Consumer awareness of life insurance has changed considerably over the years. Question 14. 14. (TCO 4) You probably have little or no need for life insurance if you are (Points : 1) a single person living alone or with parents. divorced and have two children. married and your spouse works. gainfully employed. a household with several children. Question 15. 15. (TCO 4) Your annual income is $35,000. What is your life insurance need based on the easy method? (Points : 1) $35,000 $110,500 $171,500 $191,500 Over $200,000