Why Do Rich People Need Life Insurance?

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    Edward HarrisPRO
    Owner, Best Health And Car Insurance Rates - Instant Online Quotes, US
    People need life insurance for different reasons. Naturally, a tax-free death benefit helps settle estates, pay bills and provide lost income. And of course, protecting wealth makes financial sense.

    There are many other reasons and a full-time broker will review with you what type of life insurance you should have and what is the least expensive way to buy it.
    Answered on May 30, 2013
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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    Why do rich people need life insurance?   Because they see the value in creating dollars for pennies. People with wealth have always been big purchasers of life insurance and yes, cash value life. There are numerous tax advantages and legal advantages to owning cash value life insurance that other products simply don't have.
    Answered on May 30, 2013
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