How important Life Insurance Is

As I know that life insurance is the most important thing in human life. It create a safety net against unexpected event, the person can lose much at this situation. The first step is to understand why we need the life cover. Generally,life insurance is a specially designed to provide the financial security to the families at the event of death of the life assured. This cover also can be used to pay the mortgages,children's education,funding for retirement,and many more. If we are wealthy, independent and do not have any these needs. Anyway if we took in somewhere,we should think for "the estate" and "tax settlement" consideration. These things should be thought by us.