What will happen to your family if you're not there to provide for them?
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Many people buy life insurance to make sure their loved ones can continue to live in the manner they are used to, should the breadwinner in the family pass away prematurely. A non-working spouse should be covered with insurance as well.
To protect against the loss of income is one of the main reasons people by life insurance. The untimely death of a non-earning parent/caregiver can be difficult financially, too, since the services he or she provided the family -- childrearing, homemaking, etc. -- will have to be done by others, usually by people you must pay. |
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Watch the video "Life Insurance 101"
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Calculate how much life insurance is right for you. How much will be needed for immediate needs at death? How much will be needed to sustain your household?
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Get life insurance quotes from up to a dozen carriers. For the most accurate estimate, be sure to adjust the "Health" status to reflect your current state of health.
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