: To protect parents or partners from becoming solely responsible for co-signed private student loans or car notes.
: To provide funds so survivors aren't forced to sell or face foreclosure . who should buy life insurance
Life insurance is primarily for anyone whose death would cause a for others. If your income or services (like childcare) support a spouse, children, or aging parents, or if you have shared debts, you should likely have a policy. Who Should Buy Life Insurance : To protect parents or partners from becoming
: To cover funeral and burial costs (median cost ~$8,300) without burdening heirs. Buying Life Insurance For Someone Else | John Hancock or aging parents