Now that you are married, you have a spouse, and possibly children, who are dependent on you for financial support. If you die suddenly without life insurance, your family may have a tough time meeting their current and future financial needs. For example, will your spouse be able to pay your funeral expenses, make the mortgage payments, continue servicing existing debt and pay for your child's fall semester at college? Will your family be forced to move to a less expensive residence, or will your spouse be forced to enroll your two young children in day care in order to work full-time when you are gone? If anyone in your family will suffer an economic loss or hardship as the result of your death, then you need sufficient life insurance coverage to insure they are taken care of.
Life Stages
single | married | new baby | family| retirement