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How to Use Life Insurance to Replace Your Income - NerdWallet

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Life insurance can be an effective way to replace your income if you die unexpectedly. Find out more about this method.

Your death could place a sizable financial burden on anyone who relies on you to pay bills. This is where life insurance can help. Using life insurance to replace your income can give your beneficiaries the funds to cover expenses after you die, and give you peace of mind. Nearly one-third of Americans who have bought coverage say that income replacement was the reason they did so, according to a recent NerdWallet survey , conducted online by The Harris Poll. Learn more about the life insurance income replacement method, and how to calculate your coverage amount. Loading Why it's important to

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