When most people think of life insurance, they think of an insurance policy that they will never get to use. But that is precisely the point - it is for your family and loved ones. Life insurance pays out a lump sum to your beneficiaries when you die, helping them to replace your income and cover unexpected and expected costs. It's designed to provide peace of mind that your loved ones won't struggle financially in the event of your death. But what are you actually paying for?   End-of-life expenses. An obvious use for a life insurance policy is to cover end-of-life costs, including funeral and burial expenses. Believe it or not but the average funeral can have a $10,000 price tag.   Day-to-day bills. Does your family rely on your income or manual labor to survive? Life insurance replaces your income so that your spouse doesn't have to worry about covering the food, utilities, insurance, mortgage, and more all on their own. If you're a stay-at-home parent, life insurance helps your spouse to pay for services that you once did, such as transportation, child care, cooking, and cleaning.   Leaving a legacy. There's more to life than making sure bills are paid. Many people want to leave money to make things easier for their partners and children. Life insurance can help your spouse retire on time as planned or pay for your child's college tuition.   To learn more about how best to protect your family's future, contact the team at Bell Black Insurance. We can help you tend to your life insurance needs so that you get the best value for your money. We serve Idaho Falls, Island Park, Driggs, Victor, Swan Valley, Ashton, and the neighboring communities in Idaho, as well as Jackson and Star Valley in Wyoming.