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Therefore, regardless of the mechanics of transfer, life insurance purchased for charitable purposes is, for many, the only opportunity to make a significant capital contribution (perhaps resulting in a named building or facility) without the outright transfer of the capital itself. In the latter example, the benefactor may continue to make cash gifts to the charity to support the policy premiums, or the policy may have been "paid up" at the inception of the transfer. A policy can be purchased and owned and paid for by the insured, with the charity as the named beneficiary (typically allowing for an estate exclusion of the amount of the proceeds), or a policy can be donated directly to a charity (typically allowing for an income tax deduction for the cash value of the policy at the time of the gift). In addition to annual donations and testamentary bequests, a growing amount of such largess is coming directly from the proceeds of life insurance on the lives of benefactors. The replacement of earned income is no longer a concern, but estate preservation, liquidity, access to cash values, special needs, and charitable concerns may now, to one extent or another, become part of financial planning in their maturity.

At some point, assets will begin taking over the job of providing the lifestyle to which they had wanted to become accustomed. Assuming neither dies young, and their careers mature, retirement will become a planning focus. It's possible to imagine, for example, a couple with two high-paying professional occupations facing a well-defined budgetary crisis if one were to die prematurely - but, at the same time, having no particular problems with estate taxes, special needs, or motivation to bequeath a wing to the local hospital. So far we've covered the personal use of life insurance for income replacement, estate liquidity, estate creation, special needs, and charitable giving.