Life insurance is one of the most fundamental insurance policies that most people will purchase during their lifetime. It provides a payout to help alleviate any financial burden when you pass so that your loved ones would not have additional burden. However, you might be confused by the vast variety of options available. What are the best options for you and your financial situation?

Why Do I Need Life Insurance?

Typically, people choose to buy life insurance to protect their spouse and dependents from devastating financial losses in the unfortunate circumstance of total and permanent disability or death. Life insurance is especially important if you are the breadwinner of your family. It acts as a security blanket that can help your family pay for their living expenses, debt, help with any medical bills should you lose your ability to generate an income or even funeral...