Life insurance can provide much needed assurance and peace to she insurer. Life Insurance is a sort of contract that protects the insurer’s family from having to deal with financial downfalls on top of the loss of a loved one.
The insurance policy typically covers the burdens left behind after a family member has passed away, such as unpaid medical bills. The policy helps disperse the money to family who could use the extra money to help them deal financially as well. Depending on your policy, the funeral can also be completely paid for. Just by purchasing a Life insurance policy, you can breath easier knowing your family will be taken care of.
Life insurance policies do become invalid if the cause of death was suicide.