Secret #1: Life Insurance Is Not for the Person Who
Dies — It Is for the People
Who Live
Why Life Insurance Matters
Life insurance creates immediate money when a family loses someone they depend on financially. It can help pay for:
• Funeral expenses
• Mortgage payments
•Rent
• Car notes
• Credit cards
• Children’s education
• Business debts
•Lost income
•Estate expenses
•Family stability
Without life insurance, families may be forced to use savings, borrow money, sell assets, or depend on donations.
Monetary Example: If a parent makes $60,000 per year and passes away, the family does not just lose one paycheck. They lose years of income.
A simple income replacement formula:
Annual Income × 10 Years = Suggested Coverage
Example:
$60,000 × 10 = $600,000 of life insurance .That $600,000 can give the family time, stability, and options.