In the event of your unexpected death, life insurance will help your family financially. Monthly or lump sum payments from the insurer will help your loved ones covering the costs of education, housing and other needs for many years.
“Unfortunately, anything can happen, - says Brian Steiner, executive director of Life Happens. - If a premature death occurs, a family’s financial plan without a life insurance policy will go out the window.”
According to Policygenius, a healthy 30-year-old man in the US pays only about $29 a month on average for a 20-year, $500,000 insurance policy.
Some types of life insurance offer tax benefits, which can be a beneficial financial decision in the long run.
Source: https://www.cnbc.com/select/why-buying-life-insurance-should-be-your-new-years-resolution/
Photos are from open sources.
