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Yes, totally.
In the culture I grew up in, life insurance is seen as one of those unnecessary expenses because, who cares, you’re dead right? But that means family members have to host bbq benefits or cookouts to help pay final expenses when you pass.
I lost my dad suddenly a few years ago and without his life insurance, my mom would have had to have reentered the work force at 69 to continue paying on the mortgage they had.
Now that I have my own assets, I made sure to get life insurance so that my loved ones aren’t faced with financial hardship on the event I die.
Absolutely! From protecting business owners through buy sell planning, offering benefits to attract and retain key employees as well as for personal planning, life insurance plays a critical role in accomplishing these goals!