The main benefit of a life insurance policy is that on your death, it offers your survivors a replacement of your income, and helps them live comfortably. Thus, the right insurance plan will see a dependent spouse, young children and even siblings who rely on you financially through a tough time in their lives. Life insurance benefits can also be used to cover burial and funeral expenses, debt and medical bills and estate taxes. Sometimes life insurance policies are used in estate planning.
Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.