Life insurance is one of those necessary evils that many of us don’t like to think about. While you hope you never need it, the chances are at some point you will. Life insurance is a wonderful way to help protect your family’s financial future whether you have a spouse, kids, parents that depend on you for financial support, or just debt. Life insurance provides a tax-free benefit to fulfill your needs, and those of your family, should you pass away andcan help your family pay for, and pay off, expenses such as:
- Funeral cost
- Uncovered medical expenses
- Mortgage
- Loans and credit card debt
- College funding
- Retirement funding
- Ongoing living expenses for your dependents