If you have family members who may rely on your income to survive, it may be time to consider life insurance. Life insurance protects your major assets and allows your family to maintain the lifestyle they are accustomed to after your death.
Imagine if you were no longer able to support your family. How much money would they need to survive? To determine how much life insurance is needed, you must ask yourself a few questions. Do you want your family to be able to pay off the mortgage? Should funds be available to take care of your children’s college expenses? Your health and age will determine the availability, cost, amount and type of life insurance you are able to purchase. But once you've answered these questions and taken the necessary steps, you'll feel great knowing your family will be taken care of financially.
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