Question

Why should you purchase life insurance​

Answer 1

Homeowners and People With Mortgages or Other Debts. Buying a life insurance policy that would cover your mortgage debt would protect the interest and avoid you having to buy extra mortgage insurance when you buy your first home. Life insurance can be a way of securing that your debts are paid off if you die.

Answer 2

You should purchase life insurance because it covers any of your outstanding debts and mortgages when you die. So you buy it so money will be available when somebody dies.