Is Life Insurance Really Worth It? 
To really get an answer , you need to ask yourself ` What happens to my family and beneficiaries if I die tomorrow ? ' . If there are family members and other beneficiaries that depend on you financially , the answer should be clear ; Any death benefit that they receive willnot replace the void from your passing but it will certainly help reduce the burden of any financial obligations that you had been helping to cover , i.e. mortgage , car payments , debt , student loans , living expenses and the list can go on . Further , life insurance can help you leave a legacy or gift for your loved ones that can help them for years to come . And if there are beneficiaries that you would desire to leave money for , you can always name a non-profit or charity as a beneficiary , i.e. Alma matter , favorite charitable organization , museum , zoo , etc. . Insurance proceeds , which are tax-free , can be used to fund education for children and grandchildren , family trip to help heal together after the loss of your life , remove financial uncertainty about a spouse or child 's retirement or an endless list of other possibilities . It is an invaluable gift over and above the sum of money that they could receive . The bottom line is , whatever you can comfortably afford in premiums , will create a larger sum of money that will help change your beneficiaries and loved ones ' lives for the better . 