It’s a simple and affordable way of helping make sure that your family and loved ones are financially secure in the event of your death. A life insurance plan pays out a cash lump sum if the person(s) insured dies during the term of the plan. The funds can be used to provide financial support to your family and loved ones, who might otherwise struggle to pay the mortgage, bills and other living expenses without your income. It can also be used to help fund education for your loved ones in the future. Having the right life insurance in place gives you peace of mind and your family a financial safety net if they ever need it.