by Nicole Dieker If you're asking yourself whether life insurance coverage is worth it, the response is basic. Yes, life insurance deserves it particularly if you have liked ones who count on you financially. Life insurance functions as an essential financial safeguard if you were to die unexpectedly.Learn more about term life insurance, how it works and why it may be a fundamental part of your financial strategy. Term life insurance is worth it if you're aiming to help ensure financial security for your family at an economical cost (how much does life insurance cost). It's a simple, budget friendly type of life insurance coverage that covers your household for a set time period, typically 10, 15, 20 or 30 years.