Should I Buy Life Insurance?

Determining if you need life insurance and what kind might be suitable.

1. Does anyone financially depend on your income (children, partner, parents)?

2. How much outstanding debt (mortgage, loans) do you currently have?

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3. How would you describe your current overall health?

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4. What type of life insurance are you considering (e.g., term, whole life)?

5. Have you compared quotes and policies from different insurance providers?

6. What is your monthly budget for life insurance premiums?

7. Do you already have some life insurance coverage through your employer?

8. How much coverage (death benefit) do you estimate your dependents would need?

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9. Have you weighed the pros and cons of term versus permanent life insurance?

10. How does life insurance fit into your overall financial planning strategy?