What Is The Purpose Of A Life Insurance Policy? 
A life insurance policy creates an immediate estate upon your death . Whether it is to replace lost income , pay off a mortgage , pay debt or other financial reasons , life insurance has many purposes . An experienced full-time broker or financial planner -LRB- not part-timers , radio-tv or unrelated worker -RRB- is your best resource to help you determine which type of policy to buy and where to purchase it . 