Why Should I Take Out Life Insurance? 
You should take out life insurance if someone would suffer financially as the result of your death . E.g. Your children , your spouse , or parents who rely on you for living expenses . Also , you can take out life insurance to pay off a mortgage or business loan , put kids through college , provide retirement income , or replace a key employee that passes . If you can not save up enough money to take care of a need that could be incurred sooner rather than later , life insurance is a great option . 