At different stages of life, the need for life insurance will vary, here’s a list of reasons for life insurance:
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Young Singles/Young Couples- cover off any debt including debts with co-signers, final expenses, does your family history have significant health issues?
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Young Family – debts, mortgage, final expenses, ongoing income needs, education fund
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Maturing Family- debts, mortgage, final expenses, ongoing income needs, education fund
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Pre-Retirees- debts, mortgage, final expenses, ongoing income needs, final taxes
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Retirees – debts, final expenses, leave a legacy, final taxes