A life insurance policy covers the risk of premature demise. It pays a death benefit if the assured passes away during the policy tenure. As such, in the case of the untimely death of the assured, the death benefit provided under the policy helps the family navigate the financial challenge that they face. They can meet their financial needs and fulfil their goals even when the breadwinner is not around. This is how life insurance plans provide financial protection and are one of the prevalent advantages of life insurance that you can get.