It used to be life insurance was sold mainly to male wage earners. Today, with two-income families and single-parent households increasingly common, more women are buying life insurance. Actually, any person with financial obligations needs it.
Life insurance creates cash instantly. Its primary purpose is to replace income when the wage earner dies. Life insurance acts as an economic back up for the family. Payment arrives quickly, without strings and free of income taxes. Surviving family members can use the cash for anything, including daily living expenses, paying off debt, final expenses and educational funds.
Why Health Insurance is Needed?
With the ever increasing costs of medical care, one life threatening illness can financially devastate you.