There are several good reasons people use life insurance.
For instance, many people with a family buy life insurance to provide income replacement in case they die. So, their family can maintain their lifestyle without the main breadwinners income.
As you grow up your financial responsibilities may increase. You might get married, have children, buy a home and have others who rely on you for financial support.
Life Insurance can provide you with peace of mind knowing those you love with be financially secure in case you pass away. It can provide the money your family needs to maintain their lifestyle, pay the monthly bills, provide for your child's education, your spouse's retirement, or pay off the mortgage.
The proceeds from a life insurance policy go to the beneficiary (the person(s) you choose to receive the money). Those proceeds can be used for any purpose.
Life insurance can be an affordable way to provide financial security for your family's future. Here are some more reasons why people use life insurance