: To cover funeral and burial costs (median cost ~$8,300) without burdening heirs. Buying Life Insurance For Someone Else | John Hancock

Life insurance is primarily for anyone whose death would cause a for others. If your income or services (like childcare) support a spouse, children, or aging parents, or if you have shared debts, you should likely have a policy. Who Should Buy Life Insurance

: To replace lost income and cover future costs like college tuition or childcare.

: To ensure continued care and financial stability for elderly dependents.

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who should buy life insurance

Who Should Buy Life Insurance May 2026

: To cover funeral and burial costs (median cost ~$8,300) without burdening heirs. Buying Life Insurance For Someone Else | John Hancock

Life insurance is primarily for anyone whose death would cause a for others. If your income or services (like childcare) support a spouse, children, or aging parents, or if you have shared debts, you should likely have a policy. Who Should Buy Life Insurance who should buy life insurance

: To replace lost income and cover future costs like college tuition or childcare. : To cover funeral and burial costs (median

: To ensure continued care and financial stability for elderly dependents. or aging parents