Why Breadwinners Should Get a Life Insurance?
Life insurance Life insurance is a critical means to make sure our loved ones are taken care of should anything happen to us, particularly (but not only) if we are the breadwinner for our family. Picture this.. Your spouse, who is the sole breadwinner for the family, has suddenly passed away. And then you asked yourself: “How can I pay the bills? Where will my children and I live? What will happen to my children’s education?” Life insurance is something most people would prefer not to think about or discuss. That's not surprising since most people don't like talking about money or mortality anyway But these are precisely the reasons life insurance is so important. Life insurance provides money, or what's known as a death benefit, to your chosen beneficiary after your demise. If you have dependents and/or significant debts, then you should ALWAYS have enough coverage in place for your dependents to survive beyond our demise says Davey Bacaron Manulife Financia
