Life insurance is important in many situations. Traditionally, life insurance is used for death benefits and taking care of loved ones when you are gone. However, life insurance opens the door to many other possibilities.
Ultimately, everyone either loves someone, owes someone, or both. Life insurance provides protection for your loved ones when you pass away. Life insurance is also used to protect business buy outs, mortgages, and more.
A tremendous number of people do not have any form of life insurance. In many cases, it is better to have something. Even if it is a smaller term policy, at least you are being responsible and proactive. All too often we hear stories about someone who continued to put off life insurance only to have something happen and it be too late.