Life insurance provides financial protection for your loved ones if you pass away. If you are the primary breadwinner or have dependents, life insurance can ensure that they are financially taken care of if something happens to you.
The proceeds from a life insurance policy can be used to cover funeral expenses, pay off outstanding debts, replace lost income, and help your loved ones maintain their standard of living.
Additionally, life insurance can be used to leave a legacy for your loved ones or to support a charitable cause you care about. It can also provide peace of mind, knowing that you have taken steps to protect your family's financial future.