Do you need life insurance?
Maybe. And truth be told, at your demise you don’t need life insurance – your beneficiaries do.
People buy life insurance for what it does, not what it’s called. The first step in determining if life insurance is appropriate is to think about your inevitable demise. What if you die tomorrow? What if you don’t die for many many years?
- How do you want the people you care about to be able to live their lives without you?
- How do you want to protect them?
- How do you pass down who you are and what you value?
- How do you deal with your assets?
Those are the very broad questions. The answers are not short or simple. You need someone who will listen to you and your philosophy to help you accomplish your goals. This is true estate planning.