Life Insurance insures you for dying too soon.  However, the major benefit of lfe insurance is that the proceeds are usually paid to your beneficiary(ies) income-tax free.  And, life Insurance is the most efficient way to leverage your assets.  Leverage means an immediate and substantial increase in the value of your money at death, and that value is guaranteed the moment the policy is issued (withdrawals, or loans taken from the policy are subtracted from the death benefit).