How Is Life Insurance Used? 
Years ago I read a quote that said `` Life insurance creates cash at death , everything else , confuses and complicates '' . Life insurance can be used at your death to create wealth to provide money for your family to live on , pay your debts , help you business , etc. . Life insurance can also be used to conserve wealth by paying taxes and fees , funding buyout , etc. . To complicate matters , life insurance has additional planning opportunities and living benefits to supplement retirement for example . I suggest you contact a local independent insurance agent / broker , to help you find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 