Does Warren Buffet Own Whole Life Insurance? 
Life insurance is generally used to fill a specific need in case of death of the insured . Just a few reasons may be to replace income lost , to provide for dependents college education , to ensure a home mortgage will be paid , to provide a business partner capital to continue the venture , or to pay for funeral expenses . I suspect Mr. Buffett has enough money in the bank to satisfy these needs when he passes on . He may not have a need for life insurance . 