What is Life Insurance? It’s true that not everyone needs life insurance, however, if someone would be adversely affected by the loss of your income should you die, then you really should have some cover in place. Life insurance is a simple product designed to provide a lump sum or Monthly income payment on death.
*****LIFE INSURANCE IN SIMPLE TERMS*** By Philip Cullen Do you need life insurance? The answer to this question depends, ironically, on whether anyone depends on you. For example, if you have children, then yes, you probably do need life insurance – because they depend on you financially. This is the case even if you don’t