Life insurance
With life insurance, the life you're really insuring is everybody else's! Life insurance that pays out upon death is to all intents and purposes death cover. You won't be around to enjoy any benefits. But your family will. And that's why it's important to have some kind of cover. As the major breadwinner, who would look after the rest of your family when you die? Do you really want to be beholden to someone else to look after your family? And what if they need to go on welfare?
Life insurance isn't just for the main salary earner either. The person who takes care of the home and children is also providing a valuable service. If you are a homemaker, how will your other half be able to look after the children, run the household and keep down a full-time job if you were to die? Life insurance can be invaluable for both partners in a relationship.
