Why should I consider life insurance?
Homeowners and People With Mortgages or Other Debts. … Buying a life insurance policy that would cover your mortgage debt would protect the interest and avoid you having to buy extra mortgage insurance when you buy your first home. Life insurance can be a way of securing that your debts are paid off if you die.
Why is Life Insurance Important?
Life insurance is important, whether you are single or in a relationship. In the event of your death, your loved ones will have to pay your funeral expenses and pay off any financial liabilities you have, such as your debts. … Life insurance is also an effective financial tool for protecting your business.