Have you ever thought of getting life insurance but you think that it is too much on your already tight budget?
Then ask for term life insurance quotes. These are much lighter on the budget than whole life insurance, but at least you still get coverage and your beneficiaries are assured of a payout in case anything happens to the insured.
The downside of this, however, is that the moment your coverage expires, your family is no longer entitled to anything benefit. But look this over. You might need this especially if you are working in high-risk environments, like being an OFW in war zones.