Why Should You Have Life Insurance?
Life insurance offers many benefits to families and individuals alike. If you’re unsure whether you need life insurance, here’s why it could be worth it.
- With a life insurance policy, you can relax knowing your loved ones will be provided for if you pass away.
- A life insurance policy helps to protect your assets. For example, when you die, your lenders can recollect any debt you owe. With an insurance policy in place, your loved ones can use the insurance proceeds to pay your debts rather than sell your assets.
- Subject to a few exceptions, life insurance proceeds are paid out tax-free, so your beneficiaries will get the full amount.