What Are The Coverage Characteristics Of Life Insurance? 
The coverage characteristics of life insurance are relatively simple . Life insurance is meant to replace the income , the debt or the financial need of a business partner , spouse or loved one that would be in need in case of your death . A person dependent upon your income can be compensated , such as a child or spouse . An institution can have a debt repaid , such as a bank , mortgage company or credit union . A business that would suffer financially from the death of a partner or key employee . Life insurance is the most affordable way to cover these financial losses due to an unexpected or sudden death . We all die someday , do n't leave a big financial mess behind for those that depend on you . 