1. Mortgage protection

2. Income replacement

3. Final expenses

4. College funding

via nationwide

1. Life insurance correctly planned will on premature death provide funds to deal with monies due, mortgages, and living expenses.

2. It secures your hard earned estate on death by providing tax free cash which can be utilized to pay estate and death duties and to tide over business and personal expenses.

3. Life insurance can have a savings or pension component that provides for you during retirement.

4. Some policies have riders like coverage of critical illness or term insurance for the children or spouse.

5. Having a valid insurance policy is considered as financial assets which improves your credit rating when you need health insurance or a home loan or business loan.

6. In case of bankruptcy, the cash value as well as death benefits of an insurance policy is exempt from creditors.

7. Life insurance can be planned such that it will cover even your funeral expenses.

8. Term life insurance has double benefits, it protects and you can get your money back during strategic points in your life.

9. Insurance protects your business from financial loss or any liabilities in case a business partner dies.

10. It can contribute towards maintaining a family’s life style when one contributing partner suddenly dies.

via ezinearticles

1. They do not want to pass on their financial obligations or their funeral costs to their families.

2. They want to supplement their Social Security benefits so that during their retirement years, their standard of living will not be drastically lowered.

3. They don't want to die and leave only enough life insurance and other assets to pay off their last expenses, so that their families will not have enough money to last through the financial -adjustment period that follows the death of the breadwinner.

4. They want to supplement their Social Security death benefits so that their surviving families will continue to maintain their standard of living.

5. They know that life insurance can guarantee a fixed income for a surviving parent who must remain at home to care for children.

6. They need an adequate guaranteed retirement income.

7. They need a plan with a definite goal, one that does not depend on speculation and self-control.

full list via quotetermlife

• Protect your wealth
• Show your love to your family
• Show that you are a responsible person
• Our health is deteriorating everyday
• Practice the habit of forced saving
• Funding a trust
• Funding a business operation
• Funding Buy-sell agreement in partnership business or corporation
• Charity

via kclau

pic via macgillisinsurance