What Was Once Protection Is Now Investment
The day my first born came into the world was the day I decided she needed life insurance to protect her IF. Two generations later I no longer worry about that particular contingency. It was smart for me to buy back when I was young as the annual premiums set were much lower.
I still carry some term life insurance as a protection rather than an investment. There is some whole life insurance as well with payments as long as I am alive. Over the years it has earned a little cash value and some dividends. My family will benefit from it.