Most people agree that some type of life insurance is very important. I certainly believe it is, which is why I make monthly payments on my term-life policy . If something where to happen to me, life insurance will ensure that my wife and kids are financially taken care of.
Consider this: Depending on which study you read or expert you ask, less than 1-2% of term-life policies will actually pay out. Why? Because 98-99% of people will outlive their term policy.
Now think about estate planning. Do we consider an estate plan as important as life insurance? We should, because 100% of people will actually use their will or trust.