Why do I need life insurance?

Life insurance is an essential part of any financial plan. One of the most important reasons to buy life insurance is to replace the income that would be lost with the death of a wage earner. Another significant reason for having life insurance is to pay off any outstanding debts to insure your dependents are not burdened by these debts. In addition, life insurance can be used to set up college funds, pay funeral expenses, cover medical and emergency expenses, and provide retirement income to dependents.

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