People are always looking for ways to make more money or build wealth. Life insurance is one way to build wealth easily by using a life policy as part of a wealth transfer strategy to a beneficiary. No matter the age wealth transfer and asset protection is an important concept to learn about. However, this concept is not only limited to seniors, since younger people can use a similar strategy by setting up life insurance for parents, with the same concept in mind. Here is what you need to know about using life insurance as part of a strategy to build generational wealth.