In today’s day and age, life insurance is something that most people are aware of and value as part of a sound financial plan. It offers a way for a parent to help ensure their spouse and/or children will be cared for financially in the event of the insured’s death. In addition to providing additional financial protection for its beneficiaries, certain types of life insurance can even serve as a vehicle for cash accumulation. The options for life insurance coverage often seem endless – with different policy terms, endorsements, product structures and a variety of underwriting processes. However, this evolution and progression in the variety and complexity of life insurance products over the years has resulted in consumers having more access to cost-effective coverage to meet their individual needs.