What Does Life Insurance Cover?

Life insurance can help your loved ones cover expenses they currently (or will someday) face if your earnings were no longer in the picture.

Some of the most common immediate and everyday expenses people use life insurance for include:

  • Funeral and burial costs

  • Estate settlement costs

  • Outstanding bills for healthcare

  • Health insurance

  • Mortgage or rent

  • Household upkeep expenses

  • Credit card debt

  • Car loans

  • Property taxes

  • Outstanding tax bills

  • Groceries

  • Utilities

  • Childcare expenses

  • Private school tuition

  • Costs to continue a family business

  • Charitable giving to houses of worship or other nonprofits

In addition to letting your loved ones maintain their standard of living now, life insurance also helps ensure their future. View some of the most common non-immediate expenses life insurance covers. More here.




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