Good Financial Reads: Advice Around Insurance
Only Own Life Insurance to Replace Income for Those Dependent on You
Life insurance is used to pay for things you would pay for yourself if you were alive to do it. Therefore, we only want to buy insurance to replace actual income you expect to earn during your lifetime.
I know this is not a happy topic and is something that you probably don’t want to think about much. The good news is you don’t really have to.