Life insurance can be extremely valuable in case your loved ones depend on your financial support for their livelihood. In case you die it will replace your income and will allow your family to continue living like they are used to. Especially for parents of young children it can be extremely difficult to sustain their standard of living when the main provider passes away. You can also dedicate money to pay for hiring someone to cover the day-to-day household tasks, to take the pressure of your partner.
