Life insurance is a proven way to accumulate money for your family, your business and yourself. It works if you die, live, disabled or sick. Life insurance can create financial security for you and loved ones. If you pass away prematurely, life insurance can help cover final expenses, pay off debts, maintain a standard of living for your family and leave a legacy to your favourite charity. While you’re alive, some types of life insurance can build tax-advantaged cash value you can draw on for personal and business opportunities, supplement your retirement income, provide for long-term care and home care.