If something happens during your prime earning years, your loved ones don’t just lose you—they may also lose the financial future you’re building for them. Life insurance can help cover funeral costs, housing, medical expenses, retirement income, children's college, debts, and more. Even if you have employer-sponsored life insurance, you may still want to consider additional coverage. Employer-sponsored policies often only cover 1-2x your salary and terminate if you leave the company. Most people need 10-12x their income.