Why buy term life insurance?

Pay funeral costs
Supplement Social Security benefits
Maintain their standard of living, even after losing the bread winner
Heirs want a gauanteed fixed income (by annuitizing the death benefit)
Replace a deceased spouces lost retirement income
Pay off real estate
Pay for college
Replace the homeakers services
Provide security to a new spouse
Recent additions to the family
Need funds to replace key employees, if they should die
Gaurantee loans
Business Buy out
Buy-sell agreements.
Choose a life only pension or annuity option and fund the difference with life insurance
Pay estate taxes in case of a premature death