Life insurance isn’t required by law, but it is recommended for most people. Life insurance can help with expenses you leave your loved ones with when you die. Consider the following scenarios:
These are just a few cases in which life insurance can benefit those you leave behind. Even if these scenarios don’t apply to you, discussing the prospect of life insurance with those closest to you is important.
When providing you with a quote for life insurance coverage, insurers may consider the following criteria:
The cost depends on the type of life insurance a policyholder chooses (e.g., term life insurance, whole life insurance)