Most of us purchase life insurance for its death benefits.  We take comfort in the fact that our loved ones will be taken care of if we suddenly leave them.  Your final expenses can be a huge burden to your family. Funeral costs are just the beginning, there is also unpaid mortgages and loans, unpaid debts, etc.  This is where life insurance comes in.  In the event of your death, you know your loved ones will not have a hard time.  Although, there are other uses for it.

If you’re like most drivers on the road, your primary consideration behind the wheel is arriving at your destination in one piece. Here in Miami, that can change very quickly. Suddenly, an aggressive driver speeds up from behind. Without signaling, he cuts you off, leaving you thinking “Where’s the fire, idiot!”

Term Life insurance policies are ideal if you still have major financial responsibilities, such as paying your mortgage or raising your children. However, there are times that your policy might end before your obligations are covered. If your term life insurance is ending but you still have major credit card debts or people who depend on you, you might want to consider other options to cover these expenses. Here are some ideas that can help you get through this financial dilemma.