What would happen if you died tomorrow?

You may be a father, a mother, a husband, a wife, an employee or a business owner. If you’re fortunate, you fit into more than one of these categories. But with all of life’s blessings comes responsibility. If you died tomorrow, who in your life would be affected by it and how would they cope financially?

The answer to the second part of the question is, of course, life insurance. If you were to die tomorrow, could your family members cover the costs associated with your death and carry on living the lifestyle that they had come to expect?

Life insurance is for everyone – yes everyone. Consider these different stages of life and how life insurance fits in.

If you’re married with children. This is the most common time that people think about life insurance. Becoming a partner and a parent makes many people think about the future in ways they never had before. Most families depend on two incomes to make ends meet and investing in life insurance means that if you died, your spouse can carry on living the lifestyle the family has come to expect.

If you’re married without children. Children should not be your only reason to invest in life insurance. You love your spouse and you wouldn’t want him or her to have to sell your home and possessions just because he or she can’t manage on one income.

If you’re a stay-at-home parent. A common misconception is that if a family can manage with only one parent generating income while the other stays home to raise the kids, then the stay-at-home parent doesn’t need life insurance. But the work you do is underestimated and (financially) undervalued. If you passed away, would your spouse be able to afford childcare so that he or she could go to work every day?

If you’re a single parent. You alone are the caregiver, breadwinner, housekeeper, and chauffeur. You’ve likely arranged for a guardian for your child or children should you pass away, but life insurance is extremely important to safeguard their financial future.

If you’re a parent of a child with special needs. Depending on your child’s needs, he or she may need care for their entire life. Life insurance will ensure that after you’re gone, your child will always have the money needed for care.

If you’re single. Your death likely would be emotional for those you love, but not necessarily financial. That being said, do you provide financial support to your parents or siblings? Or do you carry a significant debt that would pass to family members upon your death? Life insurance removes any financial burdens that result from your death.

Regardless of your stage in life or your life circumstances, life insurance is always the answer. It is the gift you give to the ones you love the most.