When Should You Get Life Insurance?

 

Once you've taken the plunge into marriage, homeownership and/or parenthood, it's wise to consider getting life insurance. Taking out a policy can provide financial protection for your family in the event of your death.

If you're married, life insurance can help to support your spouse and any dependents who would otherwise lose the income you bring in.

Homeowners can often use it to pay off their mortgage should the worst occur, which helps remove a large financial burden from their widow or widower.

And if you've got children – regardless of how old they are – then a life policy will ensure they don't suffer any financial strain due to the loss of both parents.

Taking out life insurance may not be glamorous, but it's certainly a smart decision for those looking to secure their loved ones’ futures posthumously. 

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