How Does Life Insurance Provide Financial Security? 
That is a great question ! I know that there are financial advisors out there that will tell you that life insurance is n't necessary , but let 's assume that you are not one of the 1 % and do n't havea big pile ofmoney lying around . Life insurance can provide financial security in a couple of ways . At the very least , it can cover your funeral expenses , so your family is n't left passing the hat before you can have your service . It can provide for an income to replace what your spouse and kids will lose when you are no longer there to provide it . How long would your spouse be able to keep up payments and put food on the table without your income ? The Government Social Security payment of $ 255 wont last very long . Some policies are used to protect against the big expenses in your lives - mortgages , college , etc. . If you were to pass with that expense unpaid , the insurance pays it , and your spouse and kids are n't leveled by that bill . There are also types of life insurance that over time can generate large sums of cash value , that can be used for emergencies or for a supplemental income during retirement . These are nothing compared to the peace of mind knowing you 've protected your family , and loved them through your financial planning for them . If you 'd like help , please contact me , I 'll make time for you . Thank you for asking ! 