Who Really Needs Life Insurance?

As we continue our look at insurance, we’ve arrived at a critical topic: life insurance. While it serves several purposes, its primary role is to provide peace of mind by ensuring your family remains financially secure if the unexpected happens. Before choosing a policy or calculating coverage amounts, the most important question to answer is simple: Do you actually need life insurance?

A lot of advice skips this important question, assuming the answer is “yes” for everyone. But ask yourself a few questions first: do you have family that relies on your income? Are you planning for long term expenses like a child’s college education? Do you have shared debts (like a mortgage) someone else would be solely responsible for if you were gone?

If you answered “yes” to any of these (or if you think you might someday) then read on for the full story on life insurance here.