As the head of operations at Haven Life, I see a variety of people buying term life insurance to financially protect their families. People with different backgrounds, occupations, and family structures – all coming together for the common good of financial planning.
What’s interesting about term life insurance, versus other products, is its lack of tangibility. If you’ve purchased a policy on your own life, which the majority of people do, and were to die, you’d never be the person receiving the death benefit. Therefore, you pay your premium each month and assume, it’ll all work itself out if you die within the term length.