Do I need life insurance?

The ability to earn an income can be considered your family's most valuable asset because your income allows you to obtain other assets, particularly the necessities of life and, of course, the creature comforts. However, as we know, the ability to earn an income is not guaranteed. Yet, the need for income may continue for those who were financially dependent upon you. Consequently, your need for life insurance and the amount will depend upon your personal and financial circumstances. If any of the following statements apply to you, you probably need to consider life insurance:

• You have a spouse.
• You have dependent children.
• You have an aging parent or disabled relative who depends on you for support.
• You have another loved one that you wish to provide for.
• You have business or estate planning needs that life insurance can satisfy
• Your retirement pension and savings are not enough to insure your loved ones' futures against a rising cost of living.

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