Take care of your kids
Life insurance can pay for child care and other daily necessities that you as a stay-at-home or working parent do or pay for.

Provide for a special-needs child
Life insurance can provide for the well-being of a special-needs or disabled child.

Pay child support
Divorced parents can use life insurance to secure the financial future of their child as part of a divorce settlement with child support.

Replace your earned income
Life insurance can replace your earned income to help your family pay daily expenses. If you as the breadwinner would die, your life insurance would provide for your family.

Cover your personal debt or co-signed loans
Life insurance can repay personal debt such as your credit cards or student loans. Name as your beneficiary your loan co-signer or someone who would have to repay your debt if you would die.

Cover estate taxes
Provide money for your heirs to pay taxes on an inheritance.