Why is life insurance important?

Buying life insurance protects your family from the potentially devastating loss that could result if something happened to you. Financial security can help pay off debts, help to pay living expenses, and help to pay any medical or final expenses. 

- https://www.newyorklife.com/articles/six-reasons-to-buy-life-insurance#:~:text=Why%20is%20life%20insurance%20important,any%20medical%20or%20final%20expenses.

Despite all the good it can do for your loved ones, life insurance is often misunderstood. About 65% of uninsured people say that not knowing how much insurance they need or what type to buy has held them back from getting covered, according to the 2021 annual study from industry group LIMRA. That lack of confidence helps to explain why just 52% of adults own some form of life insurance.

- https://fidelitylife.com/life-insurance-basics/life-insurance-101/why-is-life-insurance-important/