Originally Posted by
John_V
Yeah! It's sort of like that life insurance policy that you have. Doesn't do you a damn bit of good when you die but gives you some piece of mind while you're living that there will be at least enough money to bury you with and that your spouse will have enough left to survive on for a while.
I agree that life insurance does provide financial protection, but doesn't do a bit of good for prolonging the life of the insured or providing the insured any type of life or health protection. Life insurance would probably not provide so much peace of mind if all it did was send a notification to the beneficiary that something may have happened to the insured, except when it doesn't.
IMO few would buy life insurance with the expectation that it would provide the insured any life saving or emergency response function in case of an incident; wishful thinking compounded by group think indicates that I may be wrong though.