What kinds of life changes might cause you to buy life insurance?

What major life changes may create a need for buying life insurance protection?

Usually, a person may buy life insurance to provide financial security and protection for someone who relies on that person for financial support.

Among some of the most common life style changes that may create a need for life insurance are the following:

1. Getting married.

2. Buying a new home.

3. Having a baby.

4. Getting a promotion at work.

5. Starting a business.

Life insurance can help provide the money that can be invested to replace the income provided by the person who's life is insured.

Usually, the money from a life insurance policy goes to the beneficiary free from federal income tax and can be used for any reason.

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Why Is Life Insurance Important?

Why is it important to own a life insurance policy?

Life insurance can be important for a number of reasons.

Life insurance is a contract that guarantees, subject to the terms of your policy, that your beneficiaries will receive a specific amount of money of you die.

That means life insurance can provide financial security for your family in case you are no longer there to provide for them.

In a way, it can work to replace your income, if the money received from the life insurance policy is invested wisely.

The money received from life insurance can be used for any purpose, including paying the mortgage, living expenses, college tuition, retirement for your spouse, vacations, food, estate taxes, your funeral and burial, etc.

Life insurance provides a way for you to pay off your outstanding debt, replace your income, and provide a financially secure future for your loved ones.

Request your free, instant life insurance quotes from over 70 top-rated life insurers offering you savings up to 75%.

NEW! Here’s How to Buy up to $500,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.