8 things you may not know your life insurance actually covers

Let’s take a look at the most common expenses covered by life insurance as well as potential exceptions.

When someone dies, their debts don’t always do the same. Life insurance can help cover debt-related expenses.


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Monthly Bills

As part of a family or household, you might pay for monthly expenses,  such as groceries, utilities, rent, mortgage payments, and other  non-discretionary spending.

Replacement of Lost Income

If a policy owner was still in the workforce at the time of their death,  their beneficiaries may be able to recover lost income through life  insurance.

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For households with children and other dependent family members, the  loss of a parent could usher in additional costs as well as lost income.

Child Care or Dependent Care


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