It is meant to help protect a family's financial future. Even if you have savings, it's unlikely that it would be enough to cover family expenses for several years.
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It is meant to help protect a family's financial future. Even if you have savings, it's unlikely that it would be enough to cover family expenses for several years.
Housing, food, utilities, clothing, car maintenance, and health care premiums are likely all part of the monthly budget, and even without income, your family will still need to cover these expenses.
The primary importance of a is that it provides a family with long-term financial security. Life insurance policies provide a lump sum of money to financially support the family in the case of early demise.
The importance of life insurance grows as you progress through life stages. Life stages refer to the multiple major stepping stones like marriage, childbirth, home purchase, retirement, etc.
It is meant to help protect a family's financial future. Even if you have savings, it's unlikely that it would be enough to cover family expenses for several years.