Why Is It Important To Purchase Life Insurance?

  1. 1370 POINTS
    Jack Heller
    Owner, Insurance Browser,
    Life insurance is not for the person who dies. It is to help and assist the living in carrying on after the loved one is deceased. So fundamentally you buy life insurance to help your family continue on especially in the event that you die unexpectedly or at a young age. Another good reason to buy life insurance is because some types of insurance ( whole life) builds up a cash value from your premiums that you can use in the form of a withdrawal or loan in times of need. Call or visit an agent that can assist you further.
    Answered on December 12, 2013
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Many people use life insurance to replace their income. Just by virtue of that fact, it is impossible to save up a lifetime of income, and have it ready to provide for those who are left behind, if the earner passes away at a young or middle age. Life insurance can provide that income to one's family at a relatively low cost per thousand dollar benefit. There are many other reasons to buy life insurance, but as Jack stated, providing for your family is most important.
    Answered on December 12, 2013
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