You should opt for life insurance
As in the case of retirement plans, many people choose to ignore life insurance policies because they don’t realize their importance. Hence, it’s important to know that life insurance is essential, especially if you have kids.Â
“You only need to purchase 20 to 25 years’ worth, or until your kids (if you have them) graduate from college,” Dearing said. “There are many affordable options, and this is one of the best things you can do for your loved ones and your own peace of mind.”
Without life insurance, if something bad happens to you, such as a fatal disease or accident, your family members would be devastated, not only because they will suffer your loss, but also because they should pay all your debts, or even worse, lose their home if they can’t cover the mortgage.
