Are you the source of income of your household?
What would happen if you were no longer there to support your family?
Getting a Life Insurance policy will help you sleep tight.
But which one?
The simplest most affordable way is getting a Term Life insurance policy. It has a duration of 10, 15, 20, 25 or 30 years so you can rest assured that, for example your funeral and mortgage payments will be covered or the education of your children will be paid by the death benefit.
If you can afford to pay a bit more, getting a policy for life such as an Indexed Universal Life or a Guaranteed Universal Life will cover you until the age of 90 or even 120. The advantages are multiple including a guaranteed premium, which is less costly when you are young. It can be also a tool for savings.
Believe it or not the very wealthy get it all the time to save money, cover their estate taxes and leave a legacy for their families.
Each individual has different needs and concerns, budget and worries. Your goal as the breadwinner is to protect your family while having peace of mind.