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Why Do You Need Life Insurance?

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From Quick Guide: Introduction to Life Insurance

Summary: You need life insurance in order to protect the people in life that are left behind from having to deal with your financial burdens. Whether you are single or married, contact a life insurance broker to discuss the important of life insurance with tips from an insurance broker in this free video on life insurance.

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By Vic Schumacher
eHow Presenter

Vic Schumacher is part of HPE Financial Services, a brokerage insurance company representing all major carriers. He works with businesses, families and individuals, helping them to...read more

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Video Transcript

"Hello, my name is Vic Schumacher. The company is HPE Financial Services, and the question is: why do you need life insurance? Well, you can look at that two different ways. Let's say you're married. That's one way, and the other way, you're single. If you're married, life insurance would be required in the event that you die. Your family would have something there, to take care of the expenses, that are going to take place, the rest of their lives. If you're married, you need life insurance, so as to protect the other people, that you leave behind. If you're married, you can have life insurance as a possible investment, the same if you're single, so the question here is, why do you need life insurance? The answer, is for protection, for the people that you leave behind. The other answer is, for possible investments, and have it function as a retirement plan. Eventually, you're going to die. The question is, when, and what effect will that have upon the rest of the family, or your loved ones? My name is Vic Schumacher. The company is HPE Financial Services, helping people everyday."

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