Life insurance pays out when you die, providing funds for whomever you name as a beneficiary in the policy. Usually, beneficiaries are spouses or partners and children, although they can be anyone who depends on your income financially to survive, like grandchildren or a sibling with a disability.
Would your family’s home be at risk without you there to provide for them? Would your children be able to attend college? If they would be unable to pay for the things they have now or have planned for the future, life insurance is a must. It will give everyone involved peace of mind knowing they will be okay financially even if the worst happens.
