by Nicole Dieker If you're asking yourself whether life insurance is worth it, the answer is basic. Yes, life insurance coverage deserves it especially if you have liked ones who depend on you financially. Life insurance acts as an essential financial safety net if you were to pass away suddenly.Find out more about term life insurance, how it works and why it may be a fundamental part of your financial plan. Term life insurance coverage deserves it if you're looking to help guarantee financial security for your household at an affordable rate (what is the difference between whole life and term life insurance). It's a simple, budget friendly kind of life insurance coverage that covers your family for a set period of time, typically 10, 15, 20 or 30 years.