What is life insurance

To put it simply, life insurance protects those who depend on your paycheck. If you die prematurely, life insurance provides your dependents with ongoing income to replace yours, until they can live comfortably without it. Formal explanations aside, a Life Insurance policy provides families with peace of mind. Knowing that the future you and your loves ones have worked hard for can still come true in the face of adversity provides a great sense of security.

The purchase of life insurance is one of the most important decisions you will ever make in your financial life. Unfortunately, like many others, it’s a decision that you will put off until something happens that hits close to home.

• A friend or relative suddenly passes
• A major medical diagnosis or event

Additionally, most of us prefer to avoid thinking about our own mortality, but, unfortunately, this kind of avoidance can have devastating consequences for our loved ones.

• The family home may have to be sold
• Drastic changes in lifestyle may be necessary
• A stay-at-home spouse may be forced back to work
• A second job may be needed for the surviving spouse
• The dreams of your children’s education may be jeopardized