Today, I wanted to talk about life insurance for a minute, because, well, it is national life insurance awareness month, and I thought the timing was appropriate. Let me begin by saying that after the conclusion of this article, I hope you’re left with a greater understanding of the utilities that life insurance brings to a comprehensive plan for the management of wealth.

Today, I want to talk about what I call, the five utilities of life insurance. Most people think of life insurance as being only about a death benefit, but it’s much more than that.