When in my life cycle should I plan to purchase life insurance?

The pivotal time frame in which to purchase life insurance is when you have someone in your life who, in the event of your demise, would suffer a financial loss.

Applicable situations may include:

• A dependent spouse
  
• Children who are dependent on your income
  
• An elderly parent or family member who depends on you for support
  
• A loved one for whom you want to provide
  
• You own a business, have sizeable assets, or special estate planning needs
  
• Your pension, investments and savings are not sufficient to provide for your loved ones or equalize the rising cost of living

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