Life insurance provides financial protection for dependents, paying a death benefit to beneficiaries if the policyholder dies.
It’s essential for breadwinners, parents, small-business owners, or anyone whose death would cause financial hardship to others.
Term life insurance is cheaper and temporary, while permanent life policies offer lifelong coverage with cash value growth.
Buy life insurance early—rates are lower when you’re younger and healthier, reducing long-term costs and coverage risks.
Employer-provided group policies may help, but personal coverage is often needed to meet full financial obligations.
