Life insurance can serve different purposes at different stages of life.
During your working years, it may primarily protect your family from the financial consequences of an unexpected death. Later, permanent life insurance may also play a role in legacy planning, long-term care solutions, tax diversification, and retirement-income strategies.
Planning may include evaluating:
Existing life insurance coverage
Term insurance conversion opportunities
Permanent life insurance
Legacy and estate-planning goals
Liquidity for heirs
Long-term care insurance
Tax-advantaged cash-value strategies
The starting point is not a particular product. It's understanding what you want your assets to accomplish during your lifetime and what you hope to leave behind.