Who needs it ?

Why do you need Life Insurance? There are many reasons for taking out life insurance. If you're the principal income earner in the family, life insurance is a good way to help provide your family with a stable financial future. Even if you are not the primary wage earner in your family, it's important to have insurance to help cover the financial burden of childcare, funeral expenses, and other unforeseen costs. While many of us find it difficult to acknowledge our mortality, planning for it can ease the burden our loved ones will face later.
	Taking out life insurance can help make a difficult situation easier by providing death benefits for: - Unpaid medical bill - Income replacement for survivors - Expenses such as funeral and burial costs - Unplanned or emergency expenses - Your mortgage balance - Future education funds for your children Business Owners As well as taking care of your family, life insurance can also protect your business. What would happen to your business if you, one of your fellow partners, or perhaps a key employee, died tomorrow? Life insurance can help in a number of ways. For example, a life insurance policy can be structured to fund a "buy-sell" agreement. This
would ensure that the remaining business owners have the funds to buy the company interests of a deceased owner at a previously agreed upon price. That way, the owners get the business and the family gets the money. To protect a business in case of the death of a key employee, "key person insurance," payable to the company, provides the owners with the financial flexibility needed to either hire a replacement or work out an alternative arrangement.
Singles Most single people believe that they don't need life insurance because no one depends on them financially. But there are exceptions. For instance, some single people provide financial support for aging parents or siblings. Others may have incurred a significant debt that they wouldn't want to pass on to family members who survive them. Life insurance should be included in any financial and wealth creation strategy and you should discuss your situation with a professional financial adviser. Life insurance provides for your loved ones and ensures that they are not burdened financially in the event of your premature death or disability.