The Basics of Life Insurance

Why Buy Life Insurance?
No one likes to think about dying. Especially when they're young. But every day, people die in car accidents, of illnesses like cancer and AIDS and in fires or other accidents.

If something like that happened to you (or to your husband or wife), what would happen to your family? Would they have enough money to pay for:

• Your funeral costs
• Debts you owe like credit card bills, car payments, or the mortgage on your home
• Child care
• Your children's education
• Retirement

The most important reason to buy life insurance is to protect your family by making sure they have enough money if something happens to you.

One type of insurance, called "permanent insurance," can also help you save money for your retirement or get collateral for a loan.

How much life insurance do you need and how much does it cost?

How do "term life insurance" and "permanent life insurance" work?

Which insurance is right for you?

Audio Expert:

How does life insurance work?

Why do I need life insurance, if it only pays off if I die?