Why Is Life Insurance Important?
The value of life insurance cannot be overstated. Life insurance offers protection for your family and home in the event of your death. Prevent financial hardship for your loved ones with life insurance.
The Value of Life Insurance
Some people may think of life insurance as just another expense. The question you need to consider is would someone in your life suffer an economic hardship if you were to die? If your answer is yes, then life insurance is important for you to have.
Married with Children
If you're married and have young children at home who depend on your income, you have a clear need for life insurance. If you were to die, the loss of your income could cause an immediate financial hardship. Not only would this make it harder for your family to make ends meet, but for them to realize future goals such as a college education. Even if one spouse is a stay at home parent and doesn't bring in a formal paycheck, his or her death means that the surviving spouse will have additional expenses such as child care, cooking, and housekeeping - all necessary services for running a household.