What Does Life Insurance Protect? 
Life Insurance pays a tax-free death benefit which can help protect the financial future of your family including your current living expenses , replacing lost income . Business interests can also be protected with life insurance . For example , if there is an employee who is key to the operation of the business , life insurance can replace lost sales for example until a new employee can be trained . Or if you have a business partner ... when a partner dies his business interest goes to his heirs unless an agreement is put in place to purchase the business interest from the heirs . Life insurance funds that payout . There other and more examples if there is a specific question . 