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Most people buy life insurance to ensure their loved ones are protected financially in the event of their death. The term basic life insurance as you know is an important factor in the lives of everyone and when it comes to life insurance age is not the main criteria when it comes to getting your life insured. But often people do not realize that even though pay funeral expenses and replace the income of two very important reasons to purchase a life insurance policy - you can also use life insurance to pay for the house, plan for retirement or avoid tax penalties if you transfer real. Tips for buying life insurance Think about the people who depend on you financially, including your spouse, children, parents or other loved ones. You should periodically re-evaluate your insurance needs each time a major life change, such as divorce, buying a house, or change jobs. You must re-evaluate every five to seven years to see what you have and what you need and what you do not need anym...