Life insurance is primarily for anyone whose death would cause a for others. If your income or services (like childcare) support a spouse, children, or aging parents, or if you have shared debts, you should likely have a policy. Who Should Buy Life Insurance
: To replace lost income and cover future costs like college tuition or childcare. who should buy life insurance
: To ensure a spouse or partner can maintain their standard of living and pay daily expenses. Life insurance is primarily for anyone whose death
: To protect parents or partners from becoming solely responsible for co-signed private student loans or car notes. or aging parents
: To cover the significant cost of replacing services like childcare, cooking, and household management .