Life insurance is a big deal. For many people, it’s among the most important purchases they will ever make. A well-chosen life insurance policy can protect those closest to you from hard financial times after you are gone. It can help your family cover the costs of your funeral, major remaining debts, children’s higher education, and others as well as replace your lost income.
The following infographic from eFinancial provides a short but comprehensive visual representation of everything the average person should know about life insurance.