Still on Insurance…
Life insurance is something many people ignore. The reality is that no one knows tomorrow. Particularly (but not only) if you are the primary bread winner in your family, this is a powerful instrument that will support your family should anything happen to you.
Most families can't get by on one income. For two-income families, the loss of one earner can be devastating; obtaining life insurance on both income earners will help to protect the family in the event of a tragedy.
We tend to undervalue the endless work of many stay-at-home moms that perform multiple roles including: Childcare, Tutoring, Housekeeping, Driver, Cooking!
Here are some benefits of Life Insurance
Replacement of income.
The loss of future income can be devastating to families who may find themselves unable to cover basic expenses they took for granted.
Life insurance with adequate coverage can help dependents pay some of the debt transferred to the estate
Life insurance benefits can cover some of the funeral costs.
Life insurance will support the children's education following the loss of income.
Knowing your dependents won't face a host of financial problems should something happen to you will give you peace of mind.
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