What is the primary purpose of Life Insurance?
The purpose of any insurance is to cover expenses that the insured would not be able to cover themselves. For instance, car insurance covers the cost of a car accident. One’s goals should not be to be insured for their life. Their goal should be to grow their worth so that they can be “self insured”. Then they can invest the premiums for their own benefit instead of giving them to an insurance company. I hope this helps.
