General objective of this article is to Discuss on the Importance of Life Insurance. Life insurance policy is like all kinds of insurance, you pay for it and hoping that you will never need to apply it. While you don’t prefer to have to use that anytime soon, it is a nice safety net to have in the event you did pass out of the blue. The idea is that you will pay life insurance premiums throughout your life. This will help you to have a sum of money that is to be available to your successor. The purpose of the money will be to pay for any end-of-life expenses like the funeral, as well take care of any debt that you may have in your name.