What Will Life Insurance Pay For? 
That is a great question ! Life insurance canpay for the expenses of your funeral , your left over expenses , and possibly the income you had earned is replaced for some period of time , depending upon the amount of your policy . It will pay out only when you pass , and unless you named a trust with instructions on what you wanted done with the money , your beneficiary is free todo whatever they want with the money . I hope that helps . Thanks for asking ! 