Faced by a variety of monthly expenses, many consumers at one time or another find themselves asking the question, why do I need life insurance? There are many good answers to that question, but probably the most compelling is financial peace of mind. A life insurance policy with appropriate coverage makes an excellent investment for anyone concerned about their financial future.

Buying life insurance, whether it is a whole life or term life policy, enables the policy holder to ensure some sort of financial stability for his estate, his dependents, his spouse or his family at the time of his death.


Quite a few individuals who scoffed at the question, why do I need life insurance, and ended up dying unexpectedly, left families and dependents without the means to pay the mortgage, handle debts or even pay for a proper burial. Having a life insurance policy in effect when the policy holder dies allows the beneficiary of the policy to replace lost income as well as cover expenses which would otherwise drive a family deeper into debt or possibly bankruptcy.

Another smart reason for investing in life insurance is that the money provided can help pay for funeral costs and other final expenses such as medical bills that may have piled up during the policy holder’s final illness. The father of three who asks why do I need life insurance should know that in the event of his early death and no income for his family, his children won’t be able to afford a college education. Having a solid life insurance policy in place with enough coverage to meet the individual’s specific needs can go a long way toward easing a family’s financial pressures following the death of a loved one who has been the main source of income for spouse, elderly parents and dependent children.

The earlier in life any individual asks himself the question, why do I need life insurance, the better. That’s because insurance rates are the lowest and it is easier to get approved the younger a life insurance policy candidate is at the time the policy is activated. Any smart consumer with financial responsbilities such as a mortgage, children and other expenses knows he needs life insurance as a part of overall financial and estate planning that will help give him added peace of mind as the years go by.