by Nicole Dieker If you're asking yourself whether life insurance deserves it, the answer is simple. Yes, life insurance coverage is worth it specifically if you have loved ones who count on you economically. Life insurance functions as an essential financial security web if you were to die unexpectedly.Discover more about term life insurance coverage, how it works and why it may be a vital part of your financial plan. Term life insurance deserves it if you're wanting to help ensure monetary security for your family at a budget-friendly cost (what is a whole life insurance policy). It's a basic, affordable type of life insurance coverage that covers your family for a set time period, generally 10, 15, 20 or 30 years.