Who Buys Life Insurance Policies? 
Those who buy life insurance policies represent many categories of people . Most policies are personal , and purchased by the breadwinners of families who want to protect their dependents . Often , new college graduates , newlyweds , new home owners , new parents , and new business owners buy life insurance . So do older persons who are looking for funeral coverage or doing their estate planning . Business executives and owners also buy life insurance for many business related purposes . 