Actually, life insurance can do more than you might expect.
Many people buy life insurance to provide funds for their final expenses, or to replace their income for their family.
In addition, life insurance death benefits can help to pay off the mortgage, pay for your child's college education, pay off debt, provide for your family's living expenses, fund your wife's retirement, or for any other purpose the beneficiary of your life insurance may wish to use the proceeds from your policy.
Learn more about reasons why people buy life insurance coverage.