Life insurance is typically something that most people don’t think about until they buy a home or start a family. But there are many reasons to have this protection even if you haven’t yet reached one of these milestones.
The proceeds of your policy could be used to pay off student loans, car loans, credit cards or any other debts. It can also be used to cover other final costs such as your funeral, taxes, or breaking a lease. Without the proceeds of a life insurance policy your family may be burdened with the costs associated with your death.