Meaning: The quote by Ezra Cornell, a prominent businessman and founder of Cornell University, highlights the importance of life insurance and the peace of mind it brings in ensuring the financial security of one's loved ones. In this quote, Cornell expresses his satisfaction in knowing that his life is insured for the benefit of his dear wife and children. This sentiment reflects the thoughtful and responsible approach to financial planning and family protection that many individuals strive for.

Life insurance is a financial product that provides a cash benefit to the designated beneficiaries upon the death of the insured individual. This benefit can help replace lost income, cover outstanding debts, and provide financial stability for the surviving family members. For many people, the decision to purchase life insurance is motivated by a desire to protect their loved ones from the potential financial hardships that may arise in the event of their death.

Ezra Cornell's emphasis on the importance of life insurance for the benefit of his wife and children underscores the recognition of the significant role that life insurance plays in providing for the long-term welfare of family members. By securing a life insurance policy, individuals can mitigate the financial impact of their absence and ensure that their loved ones are provided for in the aftermath of their passing.

Moreover, the quote reflects the values of responsibility and foresight that are often associated with successful financial planning. By acknowledging the importance of life insurance in providing for his family's future, Ezra Cornell demonstrates a sense of duty and care towards his dependents, recognizing the need to safeguard their financial well-being even in his absence.

The notion of providing for one's family through life insurance is a timeless and universal concept. It transcends individual circumstances and speaks to the fundamental desire to protect and support loved ones, regardless of one's occupation or social standing. Ezra Cornell's affirmation of the satisfaction derived from knowing that his life is insured for the benefit of his wife and children resonates with individuals from all walks of life who share a similar commitment to the welfare of their families.

In conclusion, Ezra Cornell's quote serves as a poignant reminder of the significance of life insurance in ensuring the financial security of one's loved ones. It underscores the responsible and caring approach to family protection and financial planning, reflecting values that are universally cherished. By recognizing the importance of life insurance for the benefit of his dear wife and children, Cornell's words serve as a timeless testament to the enduring value of providing for one's family even beyond one's lifetime.