When planning your finances and future, it is important to consider ways to strengthen and secure your financial plans. One way of doing this is by ensuring you are prepared for the unexpected by having an insurance policy that will support and work alongside any emergency funds you may have.

Whether you need life insurance depends partly on your stage of life. If you’re younger, you may have less need for coverage. As you move along the path in life, you’ll likely have more of a need. And, as your responsibilities lessen, your need may decrease. Your phase of life affects your life insurance needs. Let’s take a look at your phase and whether buying life insurance now would be beneficial for you.