Life Insurance plays a very important role in Risk Management. In the event of premature death, that which occurs prior to a child being able to care for themselves, and in the absence of sufficient assets to cover costs, I believe a parent has an obligation, a responsibility to carry life Insurance. As a Certified Financial Planner, I continually meet with clients and prospects (parents) who either have no life insurance or not enough coverage. Unfortunately, the life insurance discussion is not an easy one, and many people have negative, preconceived notions of both the life insurance broker and the life insurance company. Use this forum to debate this issue. Take into consideration the costs, and merits of both term and cash value policies.