The Insider’s Guide to Life Insurance
How Do I know If I Need Life Insurance?
Understanding your life insurance needs is actually pretty easy. You have to simply ask yourself, “Do I have people who rely on me for financial support?” If the answer is, “Yes” then you probably need some amount of life insurance coverage.
Life insurance can help your loved ones maintain their life as normally as possible (financially) if you’re gone. The proceeds of a life insurance policy can help pay the mortgage or other co-signed loans, cover day-to-day bills, or put the kids through school. It’s also very helpful for covering end of life expenses like a funeral or any leftover debts or medical bills.
When you have people who rely on you for financial support, the responsible thing to do it consider buying life insurance. And trust us, the peace of mind is worth it.
If you’re still unsure whether life insurance is for you, try out our free calculator. Don’t worry, we’ll tell you if you don’t need it, too.