Life insurance is a bogus term. The correct word is Death insurance. If you die, your dependendts are insured.If you live,they get diddlysquat. Ofcourse, nobody would buy a morbid sounding product called Death Insurance. Thats why we lull ourselves into accepting a nice sounding term called life insurance -which almost gives the impression that your life is insured!Human beings are so afraid of death,they dont even want to discuss it.