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Life insurance is something most people have at least heard of, but not everyone understands who should get it and what it’s actually for. Contrary to what you might expect, life insurance isn’t just for the elderly. Instead, it’s a guarantee for your loved ones that they’ll have the financial resources they need in the event of your death.
At the very least, a life insurance policy can cover the costs of your final expenses, such as the cost of a burial or cremation, funeral and outstanding debts, which in turn keeps those things from burdening your family.
