Who needs it? Anyone with dependents, co-signed loans, or outstanding debt.

What does it do? Provides financial support to loved ones if something happens to you.
Types of policies:
- Term life – affordable, covers a set period (10, 20, 30 years).
- Whole life – more expensive, lasts your entire life, includes cash value.
How much coverage? Many experts suggest 7–10 times your annual income.
Why it matters: Offers peace of mind and ensures your family’s financial stability.