1To protect the financial welfare of a new baby should a parent pass away.
2To help replace the devastating loss of salary from the death of a parent.
3To cover the balance of a home mortgage
4To protect the payments required for an SBA loan or Bank loan.
5To ensure a key employee
6To satisfy a divorce decree
7To protect the assets of grandparents who are helping their children raise a grandchild in a single parent environment.
8To help fund your child’s college in the event of a loss of a parent.
9Leave money to your favorite charity
10To fund your grandchildren(s) college expenses