1. 4330 POINTS
    Jerry Vanderzanden, CLU, ChFC
    Co-Founder, Coastal Financial Partners Group, California
    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.
    Answered on May 18, 2013
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