Why do I need to buy life insurance?
If someone depends on you financially, the likelihood is that you need life insurance. Its is easy and quick to purchase a no exam term life insurance policy. Life insurance provides cash to your family after you die. The money your beneficiary receives can be an important financial resource. It can help cover daily living expenses, pay the mortgage and other outstanding loans, fund tuition, and ensure that your family is not burdened with debt. Having a life insurance policy could mean your spouse or children wouldn’t have to sell assets to pay bills or taxes. Another advantage is that beneficiaries won’t have to pay federal income taxes on the money they receive.
“beneficiaries won’t have to pay federal income taxes”, wow really I did not know that. With Obama’s radical chances to our country, I hope he doesn’t change this.