When Do You Need a Will? When do you need a will? The answer is easy: Right Now. Related Content Should You Borrow from Your 401(k)? Does it make sense to borrow from my 401(k) to pay off debt or to make a major purchase? 3 Estate Challenges for Blended Families This article will help your clients with blended families think and prepare their estate strategy. Universal Life Insurance Universal life insurance is permanent insurance with a flexible premium. Here's how it works.