Most financial experts say that life insurance is a cornerstone of solid financial planning as it protects dependents from financial ruin after the death of a breadwinner.
But even if you are single or don’t have dependents, it can still be a valuable component of your financial planning and safety net.
1. Life insurance replaces income for surviving family members or dependents ― If you have others who depend on your income, it is important that you have a plan to continue providing for dependents in the event of an untimely death. This is especially important for families with young children and a spouse who stays at home to care for them. Why Everyone Needs Life Insurance
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