If your family is in solid financial shape and has little debt, it's normal to wonder whether or not you actually need to purchase a life insurance policy. It's important to remember that life insurance can protect your family from more than just funeral and burial expenses.

After a loved one dies, it's not unusual for the surviving spouse to want or need to take some time off of work to deal with grief and get things back in order. In these cases, life insurance proceeds can be virtually invaluable. A life insurance policy can also help ensure that your surviving spouse is able to retire on schedule, rather than tap into retirement savings for income.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Ask a Question

Not finding the advice and tips you need on this Financial Planning Tip Site? Request a Tip Now!

Guru Spotlight

Jennifer Mathes, Ph.D.

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!