Many people need life insurance for many different reasons.
Life insurance is a unique asset which is used to solve many of life's perplexing problems.
It can be used to create an estate, when time or other circumstances have kept the owner from accumulating sufficient assets for his or her loved ones. Today's death taxes and other estate settlement costs to fund a business transfer, often business owners agree to buy a deceased owner's share from his or her estate after death. Create a college fund for children or grandchildren, as cash value increases on a policy on the life of a minor. It can be used as funds for college. Many people would like to pass the family residence to their spouse or children free of any mortgage, retirement fund.