Insure Your Life for Your Family

by MSO

No one wants to think about dying when they are young but it could happen at any time. Did you know that 40% of the people in the United States have no life insurance at all?

Life insurance is used to protect the financial security of the people you love most.

A life insurance policy pays out in cash, tax free, to your family when you die. You name the person or people who you wish to receive money. The amount of money for which you are insured and the type of insurance you buy depends on your needs.

People can get life insurance through work (some employers offer it through group benefits plans. This type usually ends when you leave the employer.) or they buy it on their own (usually from an insurance advisor). Life insurance is also offered through some credit cards.

Basically, if you have people who rely on you for support, then you need life insurance so that support continues after you pass away.

Read more:

http://en.wikipedia.org/wiki/Life_insurance

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