Why do I need life insurance?
Wed 20-Feb-2008 00:47
Life insurance provides a death benefit, money that your beneficiary or beneficiaries can use for whatever purposes they choose, helping to: Pay your last expenses, which may include estate taxes and burial costs Replace your income and helping to maintain your family's standard of living Protect your family's home by enabling them to pay off the mortgage and other debts Pay others to do some of the tasks you do routinely, such as caring for an aging relative or a child, maintaining the yard or home, etc., or having the option to take time to do these things him- or herself Ensure a child can go to college Provide supplemental retirement income for your spouse or partner Provide funds to help settle an estate Pay expenses incurred to keep your small business in the family