Who needs life insurance?
Life insurance can offer a lump sum payment to your loved ones when you die. If you have anyone who depends on you financially – whether it’s your partner, your kids, or other members of your family – it’s worthwhile thinking about how they would cope if your financial support were no longer available. If you were no longer around, the lump sum payment from your life insurance could help them cover everyday expenses, pay off the mortgage or pay for the kids’ education.