Life insurance is like having an umbrella. When it rains, the umbrella comes in most useful. But many times when it is not raining, we like to compare whose umbrella handle is more stylish or whether one fabric is more colourful than another. The bottom line, of course, is whether the umbrella is available when the rain begins to pour.

Like ohayogozaimas said, its for a peace of mind. "Death comes everyday to someone and someday to everyone" When a person has made adequate preparation for a foreseeable event in the future,he/she has a sense of peace with himself/herself and peace within himself/herself.

There are people who prefer to worry. Or worse still, take a risk. To be uninsured is the greatest gamble you can take. And its a particurlarly tragic one, for if you lose, its not you but your loved ones who lose"

Why worry when you can insure? In fact, why worry when for a small regular sum ,you can let the insurance company do the worrying for you?