There are plenty of benefits of buying life insurance, here are the three most common: .
A good life comes with some worries, especially if you have kids and/or a partner, and a life insurance policy can give you tremendous tranquility, knowing that there is a financial backup plan for your dependents.
In the event that you die during your life insurance term, payouts to your beneficiaries are typically tax-free. Not only does this mean your money goes straight to them, but it also means you can do less math..
The sense of calm you feel when you know you’ve protected your family with life insurance will also be felt by your family themselves.
