: To ensure a spouse or partner can maintain their standard of living and pay daily expenses.

Life insurance is primarily for anyone whose death would cause a for others. If your income or services (like childcare) support a spouse, children, or aging parents, or if you have shared debts, you should likely have a policy. Who Should Buy Life Insurance

: To cover the significant cost of replacing services like childcare, cooking, and household management .

: To fund buy-sell agreements or protect the company if a "key person" dies.

: To replace lost income and cover future costs like college tuition or childcare.

: To provide funds so survivors aren't forced to sell or face foreclosure .