If so, you may want to consider including life insurance as a part of your family's financial planning.
Why life insurance? Because, life insurance can provide an affordable way to guarantee your family has the financial security they need and deserve, in case you are no longer there to provide for them.
With life insurance you choose a type and amount of life insurance plan, you pay the premiums, and the insurance company agrees to pay out a death benefit to your beneficiaries in case you die.
Whole life provides lifetime coverage, while term life insurance which costs a lot less offers guaranteed level rates for up to 30 years. Many families choose to purchase term life for their short-term needs, and whole life insurance for the longer term needs.
Also, remember to include your spouse in your plan, as many times both spouses should be insured for life insurance coverage.
Here's how you can learn more about financial planning with life insurance.