Thread: Why should I buy Life insurance?

Life insurance can be used for a number of reasons. Below is a sampling of six of these, but there are many more:

1. Income Replacement
2. Paying off a mortgage or a line of credit
3. Final Expenses
4. Emergency Fund
5. Money used to fund your child’s education
6. Estate preservation and creation. (Life insurance is seen by many as an unselfish act because the money is not used for the insured, just their loved ones.)

Originally Posted by kentroy678

Life insurance can be used for a number of reasons. Below is a sampling of six of these, but there are many more:

1. Income Replacement
2. Paying off a mortgage or a line of credit
3. Final Expenses
4. Emergency Fund
5. Money used to fund your child’s education
6. Estate preservation and creation. (Life insurance is seen by many as an unselfish act because the money is not used for the insured, just their loved ones.)

Life insurance is really important thing! Even if you don't need it now, you will need it tomorrow! Thanks for the good tips!