Why Should I Buy Life Insurance ?

Basically, Life Insurance is a financial product that has a function to provide protection on the financial risk / natural that might occur. There are two things we should Underline here, Financial protection and financial risk. The definition of financial protection that is provided Life insurance or indemnity in case of risk. The definition of risk / natural occurrence that is borne by insurance, such as death, injury, disability, fire, etc.
Many financial experts consider life insurance to be the cornerstone of sound financial planning. It can be an important tool in the following situations:

1. Replace income for dependents
   
   
2. Pay final expenses
   
   
3. Create an inheritance for your heirs
   
   
4. Pay federal “death” taxes and state “death” taxes
   
   
5. Make significant charitable contributions
   
   
6. Create a source of savings

So, Life Insurance is like an umbrella that can protect you in the rain. It can be used only to guard it. If rain, then it will be used, if it does not rain then is not in use. But used or not, you still need to buy an umbrella. So before deciding whether to buy an umbrella or not, consider whether or rainy days will likely only bright-bright. What problems if it rains, or why not a little wet. As with insurance, first consider how much risk the possibility that happens. And whether it will be problematic in case of risk, meaning that the risks can only be their own, or must be supported with the insurance.