Week 50 Day 3: Life Insurance: Replacing Income Your Family Depends On

Life insurance replaces your income if you die while your family depends on it. If no one depends on your income, you do not need life insurance. If your spouse, children, or other dependents would fa...

Life insurance replaces your income if you die while your family depends on it. If no one depends on your income, you do not need life insurance. If your spouse, children, or other dependents would face financial hardship without your paycheck, term life insurance provides the simplest, cheapest solution: a fixed benefit for a fixed period at a fixed premium.