Why Do We Have Life Insurance? 
We have life insurance as consumers because we want to be able to leave our dependents , businesses , lenders , and charities in good shape -LRB- at least , not in financial devastation -RRB- in the event of our death . We gave life insurance as a legal and valued product in our nation because it allows individuals to care for their own , rather than leave them impoverished and needing the government to support them . 