To Protect Your Family and Loved Ones. If your loved ones depend on your financial support for their livelihood, then life insurance is a must, because it replaces your income when you.

Protective Life discusses the importance of life insurance as a means to protect your family from financial hardship. Learn more now.

Apr 3, 2018 – Term life insurance can cover future college expenses, funeral and estate expenses, and even business ownership needs. (Small businesses may wish to consider purchasing life insurance policies for key individuals, such as an owner or top employee, to help prevent financial distress if that person were to.)

Most of us have some debt, whether in the form of a mortgage, auto financing or credit card debt. If you were to unexpectedly, your loved ones could be responsible for these payments, which could cause serious additional distress. A life insurance policy can help pay for these debts.