<prompt> Human: I always thought life insurance was just a way to basically cover your bills in the event you pass away, so that your family is not stuck with everything. I always here people saying life insurance is an investment though. Is there more to life insurance than what I know, or is that basically it?  <response>: I always here people saying life insurance is an investment though.Either because thats what their advisor told them when they sold them an expensive Whole Life Insurance or similar policy that they didnt need, or they are that advisor.There are some marginal use cases for non-term permanent policies in regards to avoiding estate taxes, but since most peoples estates fall well under the current exemption levels, theres little utility for the vast majority of people. 