Carlos H. answered • 07/13/22
Certified Treasury Professional with Series 7 and Financial experience
If you are a financial provider, whether for your family, a friend or anyone who relies on you financially, they will likely be in big financial trouble if you unexpectedly pass away. Life insurance solves this problem by allowing you to pay an insurance company monthly premiums to insure yourself against your passing, and leave the recipients of your financial support with the financial resources to maintain their lifestyle in the event of unexpected death. Life insurance comes in a variety of products, with term vs. whole and various riders that can be attached, all resulting in their own ranges of pricing. It's best to consult with a licensed life insurance expert in your state if you are interested in purchasing life insurance for the benefit of a loved one, friend or dependent.
