Why Is It Important To Have Life Insurance? 
Life insurance provides a solution to a number of problems . First i provides peace of mind in knowing that your loved ones are cared for in the event of your death . The loss of someone you love not only presents a financial burden , but also an extreme emotional burden Life insurance helps reduce both . It provides money to not only pay the final expenses , but it can also pay off the mortgage insuring that your loved ones can stay in their home , help pay for their child 's education , and help provide an income for your family . Life insurance can also provide protection in a business partnership and other applications . It is also a great estate planning tool . The reasons for life insurance are multiple . 