by Nicole Dieker If you're asking yourself whether life insurance coverage deserves it, the answer is easy. Yes, life insurance deserves it especially if you have actually enjoyed ones who count on you economically. Life insurance serves as an important financial safety net if you were to die unexpectedly.Find out more about term life insurance, how it works and why it might be a fundamental part of your financial strategy. Term life insurance coverage deserves it if you're aiming to help make sure monetary security for your household at an affordable cost (what is a whole life insurance policy). It's a basic, inexpensive kind of life insurance coverage that covers your household for a set period of time, normally 10, 15, 20 or 30 years.