Why Is Life Insurance Important To Have? 
Life insurance is important to have if someone or some entity would be financially impacted in a negative way by your death . This can be a spouse , children , business partner , lending agency , mortgage company , disabled adult , parent , or anyone who relies on your income or services . It is also a good way to contribute to charity , handle an estate in a tax friendly manner , and generate cash to borrow from tax deferred for education or retirement . 