Life Insurance is a pillar of financial planning.  For a reasonable amount, we can protect ourselves and our families from financial catastrophe and impart sanctity and peace of mind.  It can also be used as a tax-advantaged means to transfer wealth to our loved ones or charities we care about.  Unlike a will, it is private, creditor-protected, immune to legal/trust/court fees, pays out quickly, and can be structured to grow over time.

Life Insurance can also be used as a personal investment vehicle which can defer tax whilst offering guarantees with a high degree of growth certainty.

There are countless permutations as to how Life Insurance can be set up.  Using a licensed professional will ensure that you extract the most value from your insurance.