Spousal Support / Income Replacement
There's a common misconception that life insurance is unnecessary for those without children or with grown-up children. Yet, the financial obligations persist for your family in your absence.
Summary:
Life insurance steps in to substitute the income you typically provide, offering vital support for your spouse or adult children. This ensures that your loved ones can uphold the lifestyle to which they've become accustomed even after you're gone.
Note: Actual policies must be consulted for specific terms and conditions.