Life insurance is a product used to replace the loss of income that occurs when someone dies.
Your life insurance program should accomplish more than just replace your lost income. And what about future expenses, your life insurance should also cover all future college expenses for your children, as well as your partner's retirement expenses. The sad truth is that many people either have no life insurance or not enough life insurance. We've all seen stories in the news about families destroyed both emotionally, as well as financially, upon the death of the family breadwinner. Term life insurance eliminates this financial burden on your loved ones.