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Married? Got kids? If you’ve got someone (or a few someones) depending on you for financial support, it might be time to consider a life insurance policy. It’s nobody’s favorite thing to talk about, but it’s important.

Life insurance is confusing. We get it. With so many options out there, it’s hard to figure out where to even start. Chances are that if you’re reading this, you have questions, too.

Between work, home repairs, and a to-do list that never seems to shrink, it can feel like there is no time for extras. It’s safe to assume that most people would prefer not to take time out of their day to get a life insurance medical exam.

Life changes quickly, especially if you’re just now starting your adult life. Perhaps you’ve recently tied the knot or a little mini-you is on the way (congrats!).

Life insurance is a contract between a person (the insured) and a life insurance company where the insured has a certain amount of coverage that their beneficiary would receive if they were to pass away while their policy was active, in exchange for a paid premium.

Most people buy life insurance because it can help provide a financial cushion for the people you love when you pass away.

These days, you may think of work perks as ping-pong and fancy snacks, but the real benefits of full-time employment are things like a predictable salary, paid time off, medical insurance, and even employer-sponsored life insurance.

When thinking of the future, it’s natural to consider the children in your life. Purchasing a life insurance policy allows you to designate a beneficiary (or beneficiaries, plural).

Doesn’t life insurance last…for life? How and why do life insurance policies end? First, let’s summarize life insurance in general. With any type of life insurance (term life insurance and whole life insurance are two common types of life insurance), a policyholder will pay a periodic premium towards their policy to provide a death benefit for their beneficiaries if they were to pass away.

Losing someone you love is never easy. You may find yourself navigating the grieving process and the logistics of death at the same time, and that can be a tough combo, especially if you are not sure if the person you’ve lost was insured.