A catastrophic loss can scuttle any financial plan, and bring your savings to its knees. You need insurance to protect yourself against medical costs, sudden loss of life, and loss of property or earning power.
Many people are mostly in the dark when it comes to insurance coverage.
They worry that they are underinsured, but they don't think they can afford additional insurance, or don't know where to turn for answers to their insurance questions. Many people don't trust insurance agents to provide honest information. Life insurance is important if your family depends on your earning power for their needs. You will need life insurance to replace your income and provide the benefits your current income now provides, including living expenses, education expenses and retirement benefits. Life insurance can provide the funds to pay off debts, such as your home mortgage, in the event of your death.