YOU MIGHT NEED LIFE INSURANCE IF:
- There's anyone in your life who depends on you
- Life insurance provides them with funds to live on if you should die.
- You're single or divorced
- Your outstanding bills may be a burden on your parents or children.
- You get married
- You don't want to leave your spouse with a lot of debt on top of his or her grief.
- You own a home
- You don't want your loved ones to have to give up their home if they can't make the mortgage payments.
- You're expecting a child, have children or are planning to adopt
- You want to ensure that his or her needs will be taken care of, including education.
- You're living together, but not married
- In the eyes of the law in some states he or she may have no rights to your assets. However, you can name this person as your beneficiary on a life insurance policy.
- You have aging parents
- You'll want to know they'll be taken care of, even if you can't do it yourself.
- You're a philanthropist
- You can name a charity or your alma mater as your beneficiary and they'll receive continued support.
- You're young and healthy
- Now is the time to lock in low rates.
