Essential to the good financial life insurance be

Also known as life insurance, life insurance is a contract between the insured (holder of the police) and the insurer (company providing insurance. Above all, it is a form of coverage which provides for the payment of a sum of money to a recipient specified or beneficiaries upon the death of the holder of the insurance policy. It can also serve as the monetary guarantee when it comes to debilitating diseases or perhaps a serious accident which renders the insured incapable of earning a livelihood.
In other words, life amounts to financial protection from death, critical or terminal illness and disability, and usually involves the payment of monthly premiums in exchange for a policy which guarantees such protection. The pay-out policy is generally in the form of a lump sum cash amount, but may also be in payments made at regular intervals, as agreed in the contract.
Usually, life insurance is underwritten by the winner of the bread or bread winners in a family who want to ensure that their dependants be supported financially in the event of their being unable to continue to provide that support themselves in the future. In the case of critical or terminal illness, incapacity for work resulting from an accident or life insurance pay-outs are in part at least to cover or help say, cover the cost of the medication, hospitalization and care required by the insured. Whereas in the case of insurance structured to provide coverage for his disappearance, the benefit has to do with "peace of mind", giving the holder of the police, insurance, if he or she goes further, the financial consequences of such a death would be be in whole or in part from insurance pay-out and the effect on the family of the deceased or other dependants would be less sinister.