Loss of the head of the family
Getting a life insurance is a must. I’ve seen the benefits of having one. A relative passed away leaving his wife and kids without anything, and even a few debts. Good thing he took out three life insurance coverages and his wife was able to get it. She used it to pay off his debts and start a small business. They are now okay despite the loss of the head of the family.
That’s what it is all about. A fall back. Something to benefit your love ones when you are no longer there to take care of them.