Introduction
- Explanation of the significance of life insurance in financial planning.
Key Points
- What is Life Insurance?
- Definition and how it works.
- Difference between term life and whole life insurance.
- Benefits of Having Life Insurance
- Financial security for dependents.
- Coverage of outstanding debts and expenses.
- Estate planning and legacy benefits.
- How Much Life Insurance Do You Need?
- Factors to consider (income, debt, dependents).
- Using life insurance calculators for estimation.
- Common Misconceptions About Life Insurance
- Addressing myths such as “It’s too expensive” or “I don’t need it because I’m young.”
Conclusion
- Recap the importance of life insurance for financial security.
- Encourage readers to evaluate their own insurance needs and consider speaking with a financial advisor.
Suggested Images
- Infographics showing the benefits of life insurance.
- Illustrative images of families and financial planning.
- Charts comparing term vs. whole life insurance.
