Activity 6.5.docx - Choose a current issue of Money...

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Choose a current issue of Money, Kiplinger's Personal Finance, Consumer reports, or Worth and summarize an article that provides information on human life expectancy and how life insurance may provide financial security. The Kiplinger’s article describes the different stages of life an individual has and how life insurance can provide financial security at those different stages. As the article stated, the more responsibility an individual has the more life insurance amount is needed. For example, a 30 year old with a spouse and young kids that also has a mortgage will need a substantial life insurance policy for themselves and their spouse. This is because even though only one of the spouses may have a job the other will need to pay for childcare if anything happens to the other. In addition, the remaining spouse will need their income supplemented if they were without a job as they rebuild their career. The goal of life insurance is to provide the surviving beneficiaries with enough money to fill the void in income created by the deceased individual.
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