by Nicole Dieker If you're asking yourself whether life insurance deserves it, the answer is simple. Yes, life insurance coverage deserves it specifically if you have loved ones who depend on you economically. Life insurance coverage acts as a crucial monetary safety web if you were to die unexpectedly.Discover more about term life insurance, how it works and why it may be an important part of your monetary strategy. Term life insurance coverage deserves it if you're looking to assist ensure financial security for your household at a budget-friendly price (what is term life insurance). It's a simple, budget friendly type of life insurance coverage that covers your family for a set amount of time, usually 10, 15, 20 or thirty years.