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Yes, basement insulation needs a vapor barrier due to its susceptibility to moisture seeping in from the outside of the house. You should install a moisture barrier before you install insulation or purchase insulation that comes prebuilt with a moisture barrier to avoid water damage in your insulation and costly mold and water remediation expenses. 

The life span of insulation is between 20 and 100 years. At that time, existing insulation can fall victim to gravity, resulting in compression, which reduces its insulating protection or R-value. If you can't simply add more insulation over the existing material, removing the old to increase the effectiveness of the new can reduce your energy bills and make the project worth the time and money investment.

Through R-value assessments based on climate and existing insulation.

We do not recommend fiberglass insulation for soundproofing purposes, especially if you are working on a room that’s part of your living space. Fiberglass insulation is dangerous, and the installation process is hazardous. It is also harmful to the environment. When there are so many newer, healthier non-fiberglass alternatives in the market, the lower cost of fiberglass insulation simply doesn’t justify the harm and danger it poses.