Who Needs Life Insurance? Not everyone needs life insurance, But it’s important to figure out whether you do. You may need life insurance if… * You Have Dependents The most common reason for buying life insurance is to protect Your dependents from the loss of your income. If you have a spouse, children, or other dependents, The payout can help your family Survive the financial impact of your death. * You Own a Business If you're a business owner, you may need life insurance to help Keep your business alive. It could also provide your heirs with The cash needed to disband or sell the business, or it could insure Another employee who is key to the success of the business. If you co-own a business with another person, each partner may Need a policy that will allow them to buy out the other’s half of the Business after their death. *You Carry a Great Deal of Debt ...
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