The Importance of Life Insurance

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Do I really need life insurance when I don't have debt?

The Importance of Life Insurance

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.



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