Pamela Kwiatkowski, Associate Vice President at Assumption Life, joins with LSM to answer another important lift insurance question. People purchase Life Insurance for a plethora of reasons; to have tax-free funds available to cover funeral expenses, pay off debts, or to leave a legacy for a loved one or important charitable organization.
If you plan on having a partner or starting a family, Life Insurance premiums are cheaper the younger you are. This can provide mortgage protection or replace income in the event of an untimely death. Another great option is critical illness insurance which can provide you with a lump sum of money in the event of a serious illness to aid you in recovering at ease. None the less, purchasing a Life Insurance policy early on poses many benefits.
More Life Insurance questions? We have more answers here!
