Why get Life Insurance?
In short, life insurance isn't just about "what happens if you die" — it's about ensuring your loved ones aren't left scrambling financially during an already emotional time. It's especially valuable if you have dependents, significant debts, or income others rely on. Even single people or those without kids sometimes get it for estate planning, debt coverage, or locking in low rates early.
"It's cheaper and easier to lock in affordable rates today while you're young and healthy than to wait until life throws an unexpected curveball."
Replace lost income — If you're the main breadwinner (or a significant contributor), the death benefit can help your family maintain their lifestyle, cover everyday expenses, and avoid financial hardship after you're gone. It's one of the most cost-effective ways to replace several years (or even decades) of your earnings.
Cover final expenses and debts — Funeral costs average $7,000–$12,000+, plus medical bills, credit cards, loans, or other debts that don't disappear when you do. Life insurance provides quick, tax-free cash to handle these without forcing loved ones to dip into savings or sell assets.
Protect your home and family stability — Pay off a mortgage so your spouse/kids aren't at risk of losing the house, or ensure they can stay in their current home/school/community during a tough transition.
Fund education or future goals — Help pay for children's college, weddings, or other big expenses that you planned to support, so those dreams don't get derailed.
Leave a legacy or inheritance — Many use it to pass on money to heirs, charities, or grandchildren — often tax-efficiently and bypassing probate for faster access.
Business protection — For owners, it can fund buy-sell agreements, cover key-person losses, or provide continuity for partners/employees.
Additional benefits (especially with permanent policies) — Some types build cash value you can borrow against or withdraw for emergencies, retirement supplementation, or other needs during your lifetime — acting like a forced savings vehicle with tax advantages.
Tax advantages — The death benefit is generally income-tax-free to beneficiaries, and certain policies offer tax-deferred growth on cash value.