Wednesday, May 7, 2014

Why do people get life insurance? What does it pay for?

Obviously this is a subjective question, but here are some of the main reasons people get life insurance:
1. To pay off the house
2. Get rid of any outstanding debt from credit cards, car loans, student loans, etc
3. Paying for college
4. Income replacement
5. Leaving a legacy

No matter what the reason, if you have people that depend on you, life insurance is a MUST HAVE!