Why Buy Life Insurance?For those who depend on you
Ensuring that you have adequate and proper life insurance in case of untimely death is important not only for you, but also for your dependents.
Let’s start with the most obvious reason for why people should invest in life insurance … the fact that it can replace your income if you die before your dependents. You may want your children to go to college and your family to enjoy a certain kind of lifestyle. Likely, you still want this to happen even if you die prematurely. But, if you are the primary bread winner for your family, they may not be able to afford it if you die and do not have enough savings to cover their expenses. You can address those concerns by buying enough life insurance.