If you can reduce it to the basics, people buy life insurance for one of two reasons. First, is to create an estate and second is to conserve an estate. Generally people will work for their entire career in an effort to provide their family with what is referred to as their life style. In the event that a person dies, they most often want the family to be kept in the same life style they are used to. Life insurance is most often the solution to this problem. Life insurance creates tax free dollars which can be used to replace the breadwinner’s income, and thus replaces life style. Beyond this, if an individual has worked long and hard enough before he/she dies, then the need changes. The need is no longer required to “create” an estate, because it has already been created by your hard work. For example, the home is paid off, the cottage is paid off, and there is some money in the bank. At this point, life insurance is most often used to conserve the estate rather than creat