You have asked yourself: How will your family cover the final expenses and debts of your death?
You should make sure you get enough insurance coverage to cover the financial impact of your unexpected or premature death for your family.
There are two basic types of life insurance: term insurance ("term insurance") and cash value insurance ("cash value insurance"). Term insurance generally entails the payment of the lowest premium during the first years, but without increasing the cash values, which may be used in the future. On the other hand, insurance for cash value can be one of several types: whole life, universal life, and variable life. Your choice will depend on your current needs, what you will have in the future and what you can reasonably afford.
Your insurance agent can help you evaluate your life insurance needs and give you information about the products available from RICL