Showing posts with label Life insurance. Show all posts
Showing posts with label Life insurance. Show all posts

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!