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Why do I need a life insurance policy?

January 28th, 2008 . by admin

Q: Why exactly do I need a life insurance policy? A: Life insurance is a sound part of your financial plan, seeing that it will provide a death benefit, or money, that your beneficiary can use for paying your last expenses, or replacing your income to help them maintain your family’s standard of living. They can also use it to pay off the mortgage and any other outstanding debts, further ensuring their financial security. These are but just a couple of the reasons to have a life insurance policy, but most importantly, it is a way for you to take care of the ones you love when you are gone.

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