Insurance benefits are a way of protection against financial loss without causing any financial harm. It’s a sort of high-risk insurance, mostly used to mitigate the risk of an uncertain or conditional loss. As in the case of life insurance, in case of an insured event, the beneficiaries will be paid the amount insured minus any premiums paid by the insured. So, if you insure yourself against loss of income due to any reason, then your death benefits will compensate for the salary that you would have otherwise earned. If you die because of illness and no other means available to pay your debts, then the death benefits will help…