http://christianmoney101.com Bringing Glory to God Through Our Finances Mon, 07 May 2012 18:35:06 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://christianmoney101.com/life-insurance/six-reasons-to-get-life-insurance/ http://christianmoney101.com/life-insurance/six-reasons-to-get-life-insurance/#comments Sat, 26 Sep 2009 14:32:24 +0000 Rosalyn http://christianmoney101.com/?p=37 To determine if you need life insurance consider these factors:

1. Marital status:  Do you have a spouse who depends on your income?
2. Dependents:  How many dependents do you have that are counting on you for support?
3. Debts:  Do you have any debts that will need to be paid off upon your death?
4. Parents:  Do your parents rely on your financial support?
5. Taxable estate:  Will your heirs need cash to pay your estate taxes?  Life insurance proceeds can be used to fulfill this obligation.
6. Charity:  Do you want to leave money to a charity, church, or other non-profit?  Proceeds from a life insurance policy are a great way to do so.

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