It makes sense when you have a need for life insurance.
If there is someone who relies on you for financial support, you may need life insurance.
If you have a spouse, children, or relative who you support, you may need life insurance.
Ask yourself this question - why do I need life insurance, what do I want life insurance to accomplish for me?
The answer will let you know if you need life insurance.
Many people choose to buy life insurance for one or more of the following reasons:
1. To replace their income for a spouse or family member.
2. To provide funds to pay for their final expenses.
3. To provide funds to pay for estate taxes.
4. To provide funds for their survivors living expenses.
5. To pay off the home mortgage loan.
6. Provide funds for children's college education.
7. Provide for spouse's retirement.
There are many more reasons to buy life insurance, but it may make sense when you have a financial goal it will help you to accomplish.
Here is a list of the top reasons to buy life insurance.