Basics of Insurance

Five Reasons as to Why Life Insurance Is Important

1. It Can Help to Financially Protect Your Family

2. It replaces lost income

3. It helps your love ones to pay off debt.

4. It covers funeral expenses.

5. It can cover future education expenses for your children.

Life insurance was the topic of a recent episode of the OLWJ Captivation podcast. In addition to the reasons why you should have it, facts as to why a group policy on the job may not be enough were discussed and why a term policy may be the route to go to save money. However, some people may prefer a whole life policy for the cash value.