Although the basic purpose of life insurance is to provide your dependents with a continuing source of income if you die, it also provides for other financial needs: maintaining your family's standard of living, paying off the mortgage on your home, paying off any outstanding debts, providing for your children's education and paying off outstanding taxes.
Changing Need For Life Insurance
| Maintain your family's standard of living |
Pay off the mortgage on
your home |
Pay off
any outstanding debts |
Provide for your children's education |
Pay off
any outstanding taxes |
Life Insurance