The Need for Personal Life Insurance
At different stages of life, the need for life insurance will vary, here’s a list of reasons for life insurance:
-
Young Singles/Young Couples- cover off any debt including debts with co-signers, final expenses, does your family history have significant health issues?
-
Young Family – debts, mortgage, final expenses, ongoing income needs, education fund
-
Maturing Family- debts, mortgage, final expenses, ongoing income needs, education fund
-
Pre-Retirees- debts, mortgage, final expenses, ongoing income needs, final taxes
-
Retirees – debts, final expenses, leave a legacy, final taxes