Most people buy life insurance because they care deeply about another person or people and they want to make sure the loved ones left behind are taken care of financially. When you die, there will be an emotional loss felt by loved ones. An economic loss on top of the emotional loss is an unbearable combination and one that families should not have to experience.
When you purchase life insurance, you are preventing the financial loss others would occur upon your death. I’m not claiming that the following story is the reason I have chosen life insurance sales as an occupation, but it is a perfect anecdote for this topic.
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