Which type of insurance primarily provides coverage for the life of the insured with a death benefit?

Life insurance is specifically designed to provide financial protection to the beneficiaries of the insured in the event of their death. The core function of life insurance is to ensure that a death benefit is paid out upon the death of the policyholder, which can help cover expenses, replace lost income, or provide financial security to loved ones.

This type of insurance is pivotal because it helps mitigate the financial impact that a death can have on a family or dependents. Unlike health or disability insurance, which cover medical expenses and income replacement due to illness or injury, respectively, life insurance is solely focused on the life aspect and provides a lump sum benefit when the insured passes away.

Property insurance, on the other hand, protects against loss or damage to property, making it distinct from the intent and function of life insurance.