Why Do I Need Life Insurance?

If someone depends on you financially, then you most likely need life insurance. Life insurance provides cash to your beneficiary after your death. This cash (known as the death benefit) can help replace your income as well as help your family meet many important financial needs like daily living expenses, mortgage payments and college savings. What's more in most cases, there is no federal income tax on life insurance benefits.

Financial experts agree that Life Insurance is the foundation to good financial planning and most Americans do not have enough. Regardless of your age, marital status and family situation there maybe a reason why you should review your life insurance needs and it's role in your financial plan.

To help you build a better understanding of what life insurance can do for you and your family, download Amica Life's helpful guide "Your Top 10 Life Insurance Questions Answered in Plain English."