Awasome Purpose Of Life Insurance References. The best life insurance companies offer coverage options that help. Seniors, breadwinners and people with debts may benefit the most from life insurance.

In this comprehensive guide, we will explore the purpose of whole life insurance and the key benefits it offers. Web permanent life insurance can create value you can tap into while you’re still alive — to pay for your children’s college tuition, make improvements on your home or even fund a dream vacation. It ensures that your beneficiaries receive a sum of money, known as the death benefit, which can be used to cover various expenses such as funeral costs, mortgage payments, outstanding debts, and future financial needs.