When buying life insurance people are usually doing it for the benefit of those that they love. When doing so they look at things their loved ones will need in the future if themselves were to die, common reasons would be:
“My family relies on my income”,
“My loved ones don’t have the money to cover my final expenses or to cover the taxes on my estate.”,
“My spouse couldn’t do it all.”,
“My kids will be going to college.”,
“My spouse will be devastated. There’s no way they’ll be able to work right away.”
Reasons for getting life insurance can be far-reaching, but they all usually end up in the
same place: for the benefit of those that you love. Just always make sure that you have coverage that fits you and your loved ones needs!