This can apply to those connected through blood relation / love such as spouses or children of the insured. (freewayinsurance.com)
They also considered the revenue losses under a range of scenarios depending on how much lower the tax rate is for spouses or children who receive income and dividends compared to the company owner. (theglobeandmail.com)
The most obvious reason a person should invest in life insurance is so that it could replace your income to support a surviving spouse or children if you were to die prematurely. (thelifeinsuranceinsider.com)