An important aspect in planning for your retirement and building financial security is to ensure that you are protected against the unexpected. One way of ensuring your loved ones are protected is by having appropriate life insurance in place in the event of your death. Term Life Insurance provides a lump sum to your family, should you pass away during the term of the policy. Most policies also cover terminal illness and suicide after 13mths. The money could eliminate debt; provide a continuing income stream for the family and help cover children education expenses.