Who Should Buy Life Insurance?
Life insurance provides financial support to surviving dependents or other beneficiaries after the death of an insured. Here are some examples of people who may need life insurance:
- Parents with Minor children
- Parents with special-needs adult children
- Adults who own property together
- Elderly parents who want to leave money to adult children who provide their care
- Young adults whose parents incurred private student loan or take a loan for them
- Young adults who want to lock in low rates
- Wealthy families who expect to owe estate taxes
- Families who can’t afford afford burial and funeral expenses
- Businesses with key employees
- Married pensioners