What kinds of things do I need life insurance for?
Do you have a dependent(s)? Do you want to leave a foundation for the ones you love? Do you share a mortgage? Do you have enough money in savings? Do you share outstanding debt? Can your dependents cover funeral costs? Do you want to leave an inheritance? Do you have prior experience in funeral planning?
The emotional impact of losing a loved one can cloud anyone's judgment. That is why life insurance is a necessity to protect your loved ones who depend on you. If you have a dependent and/or loved ones in your life, naturally they will hurt and need to grieve losing you. Your passing is the beginning of their life on earth without you. The main reason for life insurance is so that your loved ones can grieve losing you without financial burden.
The monthly premiums you pay creates the money your loved ones will need. Money needed to ease the financial burden during this transformational time in life for them. You can think of life insurance as a final love letter that comforts the ones you love at the time they need it most. If you want to give yourself that piece of mind, life insurance an answer to create the money needed.