Life & Health Insurance should be an essential part of any financial plan. Its primary purpose is to provide your loved ones with the protection needed to ease the financial burden of death. In this capacity, the proceeds can be used to help meet your child's college expenses, help ensure a comfortable retirement, or assist with the payment of any outstanding debts. In addition to providing the necessary death protection, certain policies offer income tax-deferred cash value accumulation potential, providing you with a possible funding source (via loans or withdrawals) for future needs.