1. Take care of your family when you're
gone.
2. Replace your income when you're gone.
3. Take care of your final expenses so your
family
doesn't have to worry about it.
4. Give your family the resources to
handle financial
obligations they'd otherwise face alone.
5. Supplement your retirement.
6. Give your survivors choices about their
future --
if you own a home, your life insurance might
pay off
the mortgage so your family can stay in the
house
rather than being forced to sell it.
7. Provide an income to let your family
maintain their
standard of living and cover everyday expenses
like groceries, bills, rent, the mortgage, etc.
8. Help cover the expense of raising your
children.
9. Help pay for your children's education.
10. Provide peace of mind for you now and for your
family when you die.
