Life insurance is a financial safety net that provides protection and peace of mind to individuals and their families. By entering into a life insurance policy, an individual ensures that, in the event of their death, a predetermined sum, known as the death benefit, will be paid out to their beneficiaries. This financial cushion serves various purposes, from covering funeral expenses to replacing lost income and settling outstanding debts. Life insurance comes in different forms, such as term life insurance and whole life insurance, offering flexibility to cater to diverse financial needs. Beyond the financial aspect, life insurance provides a profound sense of security, allowing individuals to plan for the future and safeguard their loved ones from the potential economic hardships that may arise upon their passing. It’s a crucial tool for responsible financial planning and ensuring that one’s legacy continues to support those they care about most.