Permanent life insurance coverage lasts for the entire lifetime of the insured person, contingent on the policyholder making timely premium payments. It's an extremely essential safe guard that is necessary for life ins families, since it ensures financial well-being of the family. Quality movers can consider the majority of the weight, literally and metaphorically, off of your shoulders. Estate Planning - Using Life Insurance as a Tool to Protect your EstateEstate planning makes sure that your heirs/beneficiaries receive your estate in full. However, this type of transaction could cause a decrease or cancellation within the death benefit.