Why Is Insurance Needed?

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Insurance is needed for a few very specific reasons. Learn about why life insurance is needed with help from a member of the California Department of Insurance Curriculum Board and insurance professional in this free video clip.

Part of the Video Series: Life Insurance & More
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Video Transcript

Hi, I'm Tony Steuer, The Life Insurance Sage, and this is my tip on why life insurance is needed. Life insurance is necessary as there are often times expenses that still continue to occur after somebody passes away. For instance, a mortgage still needs to be paid, groceries still needs to be purchased, clothing still needs to be obtained, and childcare costs can often times increase when you don't have your fellow spouse to help you take care of raising your children. It also replaces savings that would accumulate to pay for a child's education. Those are some of the basic reasons why life insurance is needed. The easy way to take a look at it is if you're going to have income from somebody else that you're dependent upon, you need life insurance to replace that income unless you have enough savings to take care of those needs. I'm Tony Steuer, that was my tip on why life insurance is needed. Thank you for watching.

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