Purchasing life insurance is a must, especially if your spouse and children are dependent on your income . Even if your spouse is earning, it would be a good idea to cover your life  as  family members will be financially secure. While choosing one, you also need to consider the tax implications of taking a life cover too. 
    The current study examines the difficult area of the income taxation of the insurance industry, both life and property . Particularly in the case of life insurance, The purpose of the study is to examine those aspects of an insurer's activities that are intended to be subject to ongoing income taxation.