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The who, why and when – these are the most common questions when it comes to life insurance:
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WHO is life insurance for?
- Your family
- Securing your business
- Your own peace of mind
- Aging parents or siblings with special needs
- Supporting a favorite charity
WHY buy life insurance?
- Pay off debts such as mortgage, or student loans
- Look after funeral costs
- Pay off estate taxes
- Replace income to cover expenses for your spouse/family
WHEN should you get life insurance?
- Around major life milestone, such as getting married, having kids, buying a house
- Remember, the younger you are, the better the rates
- When anyone depends financially on you
