What Does Life Insurance Do For Me? 
Life insurance is usually purchased for the benefit of someone else . E.g. . So that your spouse and children can lead relatively normal lives without having to move , take second jobs , forego college to work , etc. . In that respect , life insurance gives you the satisfaction of knowing you are caring for those you brought into your life , even after your death . It gives them a feeling of gratitude and respect for you . It allows you to relax a little and not have the worry upon your shoulders about what would happen to them after you die . Some life insurance can also benefit you financially . E.g. . You could purchase cash value life insurance that provides supplemental income during retirement . You could get life insurance on your key employees so that you are not left in a lurch if they should pass . You could take out life insurance on someone who owes you money , or whom you wish to buy out if they should die . There are many types of life insurance and many ways it can benefit you . 