Life Insurance is intended to provide help to your loved ones when they can't rely on your salary or income any longer.
The death benefit payout from your life insurance policy can be used to pay off credit card debts, pay off the home mortgage loan or just cover everyday living expenses.
Your beneficiaries can use the proceeds from your life insurance for any purpose, which may include to replace your income, pay for your child's education, or provide for your spouse's retirement.
Life insurance can give you peace of mind knowing your loved ones have a future that is financially secure if you are no longer there to provide for them.