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	<title>New answer on: What Is The Purpose Of Life Insurance?</title>

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		<title>By: Stan Cox II</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-the-purpose-of-life-insurance</link>

		<dc:creator>Stan Cox II</dc:creator>

		<pubDate>Fri, 06 Nov 2015 23:57:33 +0000</pubDate>

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		<description><![CDATA[The original purpose of Life Insurance - the reason it was created is to transfer the risk of a person dying too soon from that person and their loved ones to the insurance company. Generally if a person dies while still having debt or not having enough money to care for their heirs, that person has &quot;died too soon&quot;. In a lot of people&#039;s opinions dying at any time is too soon! But that&#039;s a philosophical consideration.

Over time Permanent Life Insurance has come to play an important part in the financial well-being of insureds while living. Term insurance on the other hand remains solely for the purpose of insuring against a person dying too soon. Peggy listed a number of uses for Permanent Life Insurance, and I would add that the cash value of whole life insurance is a terrific asset for use in personal banking applications. For more information see https://www.linkedin.com/pulse/what-characteristics-whole-life-insurance-stan-cox-ii?trk=prof-post]]></description>

		

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		<title>By: Matt Benore</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-the-purpose-of-life-insurance</link>

		<dc:creator>Matt Benore</dc:creator>

		<pubDate>Wed, 26 Feb 2014 16:29:58 +0000</pubDate>

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		<description><![CDATA[This is an age old question.  The purpose is the need you are needing to fill.  Remember the death benefit is a tax-free benefit which provides the financial resources to provide for many needs.  From the simple, protecting your family from lost income, preserving your way of life to protecting a company from the loss of a business owner or key employee.  Peggy and Dave list out great reasons defining the purpose of Life Insurance.]]></description>

		

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-the-purpose-of-life-insurance</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Tue, 25 Feb 2014 17:25:30 +0000</pubDate>

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		<description><![CDATA[Life insurance demonstrates that you love someone else.  If your death is going to have an impact on someone you love, then life insurance can help (perhaps a great deal.)  Sometimes life insurance is required to protect the interest of a lender or a contract holder (who you might not love.)  In the end, though, most life insurance is purchased because people love each someone else.]]></description>

		

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