What Is The Primary Purpose Of Life Insurance? 
I tend to agree with Larry . Life Insurance primary intention is to provide a tax-free death benefit to beneficiaries upon death of the insured . You need to understand this part of Life Insurance before looking at all the benefits provided . Life Insurance can provide supplemental income to meet any need if funded correctly . Life Insurance is one of the only vehicles that can provide tax-free income , a tax-free death benefit ! Life Insurance is used by businesses for buy-sell situations , key employee needs , executive retirement plans , etc. . When the Life Insurance is funded correctly , which by the way , it is my experience that most agents do not do , it will become a true asset designed to meet your future needs . 