: To ensure a spouse or partner can maintain their standard of living and pay daily expenses.
: To protect parents or partners from becoming solely responsible for co-signed private student loans or car notes. who should buy life insurance
: To ensure continued care and financial stability for elderly dependents. : To ensure a spouse or partner can
: To fund buy-sell agreements or protect the company if a "key person" dies. who should buy life insurance
: To cover funeral and burial costs (median cost ~$8,300) without burdening heirs. Buying Life Insurance For Someone Else | John Hancock