If someone depends on you financially, chances are you need life insurance.
Most Americans need life insurance. To figure out if you need life insurance, you need to think through the worst-case scenario. If you died tomorrow, how would your loved ones fare financially?
Life insurance provides cash to your family after your death. It can provide money for immediate needs such funeral costs, medical bills, taxes, debts, lawyer fees, etc.; as well as ongoing living expenses like rent, food, clothing, transportation costs, healthcare and more. You may also have long-term financial goals such as putting your children through college and saving for retirement that would not be accomplished without life insurance proceeds, should you die unexpectedly. Life insurance helps make sure that the people you care about will be provided for financially, even if you're not there to care for them yourself.
