You’re married, you’ve started a family, and you have goals for your family's future.
But, what if something happened to you?
Who would pay the mortgage?
How would your children be able to afford a college education?
Who would pay the bills?
Your spouse may need to take a job. There would be day-care costs, in addition to the loss of your income.
You may have life insurance from your job. It’s usually equal to one times your annual salary. That may seem okay, but many financial advisors recommend you carry between 7-10 times your annual salary.
And, what happens if you quit, leave your job, or get fired?
You would need to buy life insurance, and what if you have a health condition at that time, or could not afford life insurance?
Learn about finding the most affordable life insurance for a family.