Life insurance is absolutely essential if there’s someone you care about who would suffer if you and your financial contributions were no longer in the picture. This could include a spouse, children, disabled family members, aging parents or anyone else who depends on your earnings to make ends meet.
There are several different types of life insurance. But what they all have in common is that they pay cash to your loved ones in the event you pass away. This lets your nearest and dearest remain on firm financial ground even though your earnings have stopped.
From the mortgage to child care costs to the weekly grocery haul, you already know that life comes with many expenses. We all do so much to take care of our loved ones in the here and now, but many people don’t consider how those left behind would manage if the unthinkable were to happen.
Over the years, we’ve heard from countless people who were extremely grateful to have a financial lifeline in the form of life insurance. And we’ve sadly also heard from those who didn’t have life insurance to rely on when a breadwinner passed away.
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