Term life insurance provides protection to cover multiple needs and can help ease the financial burdens on those who rely on you. A recent survey* conducted by Life Happens and LIMRA, non-profit organizations dedicated to life insurance research and education, showed that four of the most common reasons people decide to purchase life insurance are to:
- Cover burial and other final expenses
- Help replace lost wages/income of a wage earner
- Transfer wealth or leave an inheritance
- Help pay off the mortgage
*Life Happens and LIMRA, 2018 Insurance Barometer Study, p.27, © 2018, LL Global Inc. and Life Happens. Provided for educational purposes only courtesy of Life Happens.