Wealth Protection Using Life Insurance: Pros and Cons
Life insurance is often pitched as a simple solution: pay a premium, leave money behind. But when the conversation shifts from “covering death expenses” to “protecting wealth,” the product becomes more nuanced. The right policy can help a family preserve liquidity, manage taxes, and reduce forced decisions during a crisis. The wrong policy can lock up capital, create coverage gaps, and introduce complexity that outlives the problem it was meant to solve. In practice, wea