Who Has the Greatest Need for Life Insurance?
Who has the greatest need for life insurance? Below, we take a look at the types of needs and life circumstances that make life insurance coverage a necessity.
Protect Your Family With Life Insurance Coverage
If anyone relies on you financially, you should consider buying a life insurance policy. Getting coverage is an important step to ensuring that if anything happens to you, your loved ones are not left with serious financial burdens in the wake of your death.
Those with the greatest need for coverage sometimes go without it, either because they don’t think the expense is worth it while they’re still young and healthy, or they don’t realize how substantial the financial consequences of their death would be to those around them.
If you are someone’s spouse, life partner, parent, sibling, a child of dependent parents, an employer or business partner, you are among those who have the who have the greatest need for life insurance. If you’re a single young adult that’s taken out substantial student loans, you may need life insurance, too.
If you’re married and have a new mortgage on a house, if you have a child in college and are helping them pay tuition and other educational expenses, or if you’re a stay-at-home spouse or parent that provides valuable domestic services such as child care or house cleaning, you should consider life insurance.
Help Choosing a Policy
When it comes to choosing the right coverage for you and your loved ones, it’s helpful to have someone guide you through the process.
*Applications for insurance may be subject to acceptance by insurer. Rates and coverage amounts will depend upon the carrier selected.