Life insurance can help provide immediate cash at death. This cash, known as death benefit, replaces your income and can help with deceased’s debts, funeral expenses, and their future income. If you die during your earning years, your family could suffer economic loss. Life insurance offers a way for your family to continue living comfortably without worry. Here below are five reasons why you need life insurance.
Five important reasons why you want Life Insurance
- To protect your family and loved ones
- To leave an inheritance
- To pay off debts and other expenses
- To add more financial security
- To bring peace of mind