[fintstone]

My mother sold life insurance in the poor part of town in the late 50's and early '60s. She was restricted to selling in her area by the company. Most of her customers were black. She went door to door to sell and had to go back and collected the premiums in cash. It was almost always small coins. We used to roll them up for her when she came home so she could take them to the bank. Sometimes she made up the 50 cents or so they were short if they promised to pay it the next time (so their policy did not lapse).

Once my kids were gone and my savings/investments exceeded what my wife would need if I died suddenly, I stopped buying life term insurance. The same with collision insurance on cars I did not finance I have not financed one in decades.

Some make a good case that a large policy is a clean way to transfer one's wealth to others on passing.