Why
do I need life insurance?
Although you may not think about it, your ability
to earn income is a significant asset. Life Insurance can help
replace lost income in the event of your death.
Here
are some reasons people buy life insurance. The death benefit
may be used:
To
replace income the family would need to maintain their
standard of living after the death of a wage earner.
To
pay off a mortgage loan and other personal and business
debts or to create a rent fund.
To
create a fund for children's education.
To
pay final expenses, such as funeral costs and taxes.
To
create a family emergency fund or a fund for a family
member with special needs.
