Life Insurance: Life insurance is important if you have family and friends that can help benefit from your loss. There are several types of policies, but every individual should have a life insurance policy. The proceeds from your policy will provide economic assistance to your loved ones to help pay off ongoing expenses, as well as to maintain their current lifestyle. Without life insurance, death can be costly to your loved ones. The burial costs alone, can be outstanding, along with other debts to pay.  If you have no dependants, a life insurance policy can still benefit family, friends and charities. Please view our Frequently Asked Questions for Life Insurance information.