What Does Life Insurance Mean? 
I believe life insurance is meant for the living . That 's why they call it life insurance . There are two reasons for life insurance ; one is to protect your assets , the other is to protect your family . Based on a discussion of needs , I would probably recommend a combination of both term and permanent insurance . I would use the term insurance to cover the assets such as houses , cars , boats for the life of the loan , and I would use use permanent insurance to cover an untimely passing of the breadwinners ; to cover future expenses such as college for the kids and unexpected bills . 