What Is The Main Purpose Of Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The main purpose of life insurance is to protect your family or business from the costs associated with your death. When a funeral causes relatives to have to pool their resources to pay for it, that is a purpose where life insurance could have helped. When a business must be sold to an outside party because a relative cannot afford to buy it, that is a purpose where life insurance could have helped. When a family must go on welfare because the breadwinner passed away, that is a purposed where life insurance could have helped.
    Answered on July 2, 2013
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