by Nicole Dieker If you're asking yourself whether life insurance deserves it, the answer is easy. Yes, life insurance coverage is worth it particularly if you have actually loved ones who depend on you financially. Life insurance coverage functions as a crucial financial safeguard if you were to die suddenly.Discover more about term life insurance, how it works and why it might be a vital part of your financial plan. Term life insurance coverage is worth it if you're wanting to help guarantee monetary security for your household at an economical price (what is life insurance). It's a basic, economical kind of life insurance that covers your household for a set duration of time, generally 10, 15, 20 or 30 years.