Why Should I Take Out Life Insurance?

1. 

   63333 POINTS

   view profile
   Peggy Mace

   Most of the U.S.

   You should take out life insurance if someone would suffer financially as the result of your death. E.g. Your children, your spouse, or parents who rely on you for living expenses.
   
   Also, you can take out life insurance to pay off a mortgage or business loan, put kids through college, provide retirement income, or replace a key employee that passes. 
   
   If you cannot save up enough money to take care of a need that could be incurred sooner rather than later, life insurance is a great option.

   Answered on May 1, 2013

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.