Whole Life Insurance – Whole Life can give you protection for your entire life at a fixed rate. Whole Life builds up cash values, and in some cases, paid dividends.

Universal Life Insurance – Universal Life gives you more flexibility -- allowing you to adjust your premiums and to increase or decrease your death benefit.

Accident Insurance – Accident Insurance gives your family an income in event of your accidental death.

To conclude, when I was younger, I felt that life insurance was a waste of my money. But that changed when I seen results of what happens when a father of three young children died unexpectedly. He had no insurance to care for his three children. Not only did his wife and children have to deal emotionally with their loss, but it also left them financially crippled. From that moment on, I realized importance of Life Insurance and what it can bring to my family – a financial safety net, and for me, peace of mind.

Vickie J Scanlon has a BBA degree in Administrative Management and Marketing. Visit her site at: http://www.myaffiliateplace.biz for free tools, articles, affiliate opportunities, ebooks, and insurance info

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6. Stop harassing behavior from creditors.

Some creditors do not always take right course of action when attempting to collect a debt. Often, creditors will persistently call home of a particular debtor with demeaning and abusive behavior. Not only is this unethical it can rise to level of unlawful. In essence, bankruptcy will put on hold demands of many creditors and stop harassing phone calls and other inappropriate behavior all together.

7. Restore or prevent your utilities from being shut off.

As you have probably seen many of these reasons overlap. Some lead to another. If your home is in risk of foreclosure then your utility bill may also be in risk of being terminated. Filing bankruptcy can prevent utility company from leaving you in dark.

8. Provide help for large amounts of student loan debt. <student loans>

While it is true that your student loans will not be eliminated like several other types of unsecured debt, bankruptcy can consolidate your student loan debt. This consolidation will allow a debtor to make monthly payments through Chapter 13 Bankruptcy that are within financial ability of debtor.

9. End wage garnishments.

Chapter 7 Bankruptcy will stop wage garnishment. Wage garnishment basically takes away your weekly earnings often times leaving you without necessities. Chapter 7 Bankruptcy allows you to purchase necessities for you and your family. Chapter 13 Bankruptcy will also help in this regard.

10. Challenge certain claims of fraudulent creditors.

Bankruptcy will allow you to challenge these claims from creditors who are trying to collect more money from you than you really owe. An attorney can provide support and backing you will need to step up to these creditors. Attorneys often even playing field between a big creditor and a single debtor. Filing bankruptcy with an attorney can stop fraudulent reporting by a creditor.