Why people buy life insurance.

Why People Buy
Life Insurance

Income replacement       66
Final expenses           42
Pay off mortgage         33
Transfer wealth          22
Replace another policy   21
College funding          17
Tax savings              11
Estate taxes              5
Business purposes         2
Charitable gift           1

Source: Limra International's
Individual Life Buyer Consumer
Follow-up

Note: Table made from bar graph.

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Title Annotation:	SNAPSHOT
Author:	Panko, Ron
Publication:	Best's Review
Date:	Jul 1, 2007
Words:	51
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Topics:	Life insurance

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