Have dependents
Or other who realy on their income, such a spouse or children
This is the type of life insurance that provides coverage for a specific period of time, or “term”
Have significant debt
Such as a mortgage, that would be difficult for their loved ones to pay off in the event of their death
Have short-term financial goals
Such as saving for their children's education or paying off their own students loans, may also benefit from term insurance
Wants to provide financial protection
For their loved ones in case of their unexpected death can benefit from term insurance
