There are many reasons for buying life insurance. If you’re the primary wage earner in the family, life insurance is a good way to help provide your family with a stable financial future. If you aren’t the primary wage earner in your family, it’s important to have insurance to help cover the financial burden of childcare, funeral expenses, and other unforeseen costs.

Life insurance is simply protection to ensure that your family will have financial security when you die. If something should happen to you, how will they be able continue to do the things they take for granted, like live in a nice home or go to school? Life insurance can help provide the answer.

While it’s difficult to face our own mortality, planning for it can ease the burden our loved ones will face later. Purchasing life insurance can help make a difficult situation easier by providing death benefits for:

• unpaid medical bills
• income replacement for survivors
• final expenses like burial costs
• unplanned or emergency expenses
• your mortgage balance
• future education funds for your children

Remember, you can also use some life insurance products:

• to help you establish an estate plan
• as a component to your savings strategy
• for retirement income
• even to pay for estate taxes