It also helps provide for their loved ones in the unfortunate event of their early demise, as the nominees receive a guaranteed death benefit, which they may utilize as they wish. (policybazaar.com)
This explains why for many seniors, life insurance is an important part of how they want to help provide for their loved ones after they pass away. (lifeinsurance.org)
But is it enough to adequately provide for your loved ones if you're no longer there to support them? (hinermangroup.com)