Igros Moshe (OH 2:111): Concerning whether buying life insurance is prohibited as a lack of bitachon that G d has the ability to make a person wealthy so that he will be able to leave to his heirs a large amount of money? In my humble opinion buying life insurance is absolutely not an indication of lack of bitachon in G d. It is exactly like any commercial activity that a person is not only allowed but is in fact obligated to do for his livelihood. In fact it is prohibited for him to say that even if he doesn’t do anything that G d will provide a livelihood at the appropriate level.
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