Why Do Wealthy People Buy Life Insurance? 
Anyone can buy Life Insurance . The wealthy are shrewd with financial dealings . As an advisor many offers are dealing with estate preservation . They are good with investment products due to their high financial assets . They buy at a higher premium amount to accumulate more wealth as what the advantage of Life Insurance permits . At a higher payment for the policy . They can use the lump sum to keep taxes from cutting into the estate . They can cash in higher on cash values of the policy for the accumulation is higher due to the high investments . Finally , along with the lump sum millions they receive . People also can use this advantage at lower incomes if you like and would spend hundreds of dollars a month for a multi million dollar policy . It is always best to get the preferred rate at a younger age for lower premiums . My specialty . 