How Does Life Insurance Help You? 
Life insurance can help in you in a number of ways . First and foremost , it can protect your loved ones from financial peril in case of death . It can help them pay the mortgage , car payments , credit card payments , student loans , etc. . Second , if you have an IUL or Whole Life policy , it can build cash value that can help you pay for major expenses down the road , like children 's college education , a dream vacation , etc. . Third , there are relatively new policies out there that offer living benefits , meaning that if you were to get a qualifying critical illness , terminal illness , disability , etc , you can accelerate a portion of your death benefit to help pay for some of the costs associated with those illnesses or accidents . 