When I got married there are many plans that my husband and I talked about. We already started to fulfill our family home, financial budget and sometimes we talked about educational plans and life insurance. A great advantage of having a life insurance is for the beneficiary not to experience financial hardship when the insured person pass away.
In life insurance term, typically it pays a premium (regularly or lump sum) depending on the policy options. I have known several people who already received the benefits of the life insurance of their loved ones. It made them ease with the financial budget of their family and were able to help them send their children in school.
Getting a life insurance is good to consider for the allotment of your budget especially when you have many extra money. There are different life insurance term and some even offer affordable and well-adjusted options. Think about it and best to decide with your partner in life.