Who should get life insurance?

Anyone who has family or loved ones that are reliant on them financially should take out life insurance.

Life insurance is not a prerequisite for everyone, although it may be a requirement if you take a mortgage loan. It does, however, offer some financial security for your dependents if you unexpectedly pass away.

The funds they receive from your life insurance enable them to pay off any outstanding debt you may have incurred, and usually ensures that they have some finances available to cover living and other general expenses for the foreseeable future.