If you have dependents such as a spouse, children, or aging parents who rely on your income, life insurance can provide financial security for them in the event of your unexpected death.

Life insurance can help pay off outstanding debts, such as a mortgage, credit card debt, or student loans, and cover final expenses such as funeral costs.

 If you own a business, life insurance can help ensure the continuity of the business in the event of your unexpected death by providing funds for a buyout or to hire a replacement.

Life insurance can be used as part of an estate planning strategy to ensure that your beneficiaries receive an inheritance, cover estate taxes, or leave a charitable gift.

Having life insurance can give you peace of mind, knowing that your loved ones will be taken care of financially if something unexpected were to happen to you.