Types of Life Insurance
Reasons for Life Insurance
What does it do?
Life Insurance proceeds can help protect those who depend on you for financial support. People like your children, spouse, or aging parents or siblings who depend on your support.
Who needs it?
Most people need life insurance. To really find out if you need Life Insurance ask yourself this: How would your loved ones be effected if you were to pass unexpecitedly? Would they have the money to pay for your final expenses (e.g., funeral costs, medical bills, debts, fees, etc.)? Would they be able to meet ongoing living expenses like the rent or mortgage, food, healthcare, etc? What will happen to your children, will your spouse be able to provide for them or put them threw college?
Life insurance helps to make sure your loved ones are provided for financially.