02/10/2022
Why Do I Need Life Insurance?
The primary reason to buy life insurance is to provide a safety net for those who rely on you for financial support. If you were to die while the policy was in force, your beneficiaries would receive a tax-free payout that could be used however they want. That money could help them do the following:
Pay for your final expenses, such as a funeral service and burial
Help replace your income so your family can pay bills and daily expenses
Help pay off debts, such as a mortgage
Help pay for child care
Help pay for your children’s college education