How Does Life Insurance Differ From Other Insurance? 
Life insurance pays the death benefit to the beneficiary upon the death of the insured person . In contrast , most other insurances -LRB- health , disability , long term care , property -RRB- pay while the person is still alive . When life insurance is permanent , it can also pay while the insured person is still alive , after a set period of time . Then , unlike the the other insurances , it pays regardless of whether there is an event to trigger payment or not . 