Life insurance provides many American families with an important financial safety net. The life insurance industry is large, and while it may seem stodgy, it is ever-evolving. We looked at statistics ...

Penny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny ...

Life insurance offers a combination of benefits when you pass away and while you're still alive. These benefits can have long-lasting impacts for your family, too.

In its most basic form, life insurance is a contract between the policyholder and an insurance company that provides a cash payout to a named beneficiary if the policyholder dies under covered ...