Life insurance is one of the most important investments you can make in your lifetime. It provides protection for your family and loved ones in the event of your death, and can also serve as a financial cushion in retirement. When you purchase a life insurance policy, you may receive a death benefit that is larger than your initial premiums and receive tax-free death benefits. In addition, a lot of life insurance policies also offer other benefits such as guaranteed income in retirement, and in the event of an emergency, some even provide access to the policy’s cash value.