Life insurance is one of those things nobody wants to talk about yet everyone should. Even briefly. Because it’s important, especially if you have anyone in your life who is financially dependent on you.
There are lots of types of life insurance, but in the end they all pay your loved ones money when you die. This money can be used to pay for regular living costs, the mortgage, rent, bills or debts, tuition fees or other expenses. Life insurance is the only way to guarantee that your loved ones will be ok, financially, if you and your income are no longer in the picture.
You should get a life insurance if you are:
HOW OFTEN SHOULD I REVIEW MY LIFE INSURANCE?
As a general rule of the thumb, it’s a good idea to review your life insurance every year or whenever a life change happens, such as getting married, having a baby or starting a business. A review will help ensure that your coverage is at the right level to protect your loved ones.