Who Really Needs Life Insurance?


If you looked into a crowd of people, you'd see a mixture of professions, genders, ages, incomes, and relationship statuses. So, which of those people really need life insurance? The answer is simple: almost everybody! Single people - If you have significant outstanding debt or if your aging parents rely on you financially, you need life insurance. Single parents - You are most likely the sole source of income for your household and children. Life insurance would provide a safety net for your dependants. Stay-at-home spouses - Life insurance doesn't just have to cover the breadwinners of a family. It can also cover the costs of service provided by a stay-at-home spouse. Business owners - Life insurance can protect loved ones from taking on your professional debt if your own a business. It can aslo provide funds to survivors to buy out your interest after you've passed away.