Death Benefit for Life Insurance

The whole purpose of owning a life insurance policy is to provide money to your loved ones in the event of your death.

When the breadwinner in the family dies, those left behind can have serious financial difficulty keeping up with the bills, paying the mortgage and making ends meet without the breadwinner's income.

The death benefit provided by your insurance policy is intended to help your family with those expenses and make moving on easier.

The death benefit for a life insurance policy is typically provided in a lump sum equal to the amount of the policy. That lump sum can then be invested in order to provide the income the beneficiaries will need to move on with their lives. It helps to replace your income for your loved ones and provide the money needed to maintain their lifestyle.