The aim of this text is to consider whether the meaning of life and purpose of life is the same. These philosophical investigations assume axiological objectivism, which claims two things: 1) values are a characters or qualities of objects, 2) phrases like ‘X is good’ are sentences in logical sense. As the main methods used in investigations was conceptual and linguistic analysis, which have been used to characterize the notion of ‘life’ and ‘meaning’. This step allowed to precise notion of ‘meaning of life’ and allowed to consider the titled question. Result is negative: meaning of life is based on values, and not on arbitrarily taking purposes. If meaning of life is a some kind of essential good, then purposes cannot make life meaningful, if themselves are not valuable.