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	<title>New answer on: What Are The Functions And Coverage Characteristics Of Life Insurance?</title>

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		<title>By: Jerry Vanderzanden, CLU, ChFC</title>

		<link>https://insurancelibrary.com/life-insurance/what-are-the-functions-and-coverage-characteristics-of-life-insurance</link>

		<dc:creator>Jerry Vanderzanden, CLU, ChFC</dc:creator>

		<pubDate>Sat, 18 May 2013 18:07:55 +0000</pubDate>

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		<description><![CDATA[Life insurance is a financial protection and accumulation product with legal, tax, and economic elements. It is a unique wealth creation and protection tool provides certainty and piece of mind by ensuring a sum of cash is available for heirs at your passing. For cash value life products, it may also provide access to cash for lifetime needs.

Life insurance is purchased based on family or business protection needs or for philanthropic purposes. The list is needs that can be met by life insurance is quite extensive as it is versatile financial instrument.]]></description>

		

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