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Why does insurance give peace of mind?

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Why does insurance give peace of mind?

This is a very interesting question from why does insurance often provide peace of mind subject matter

I have been asked this question by my school teacher while I was bunking the class.

Other related questions to my question are:

Why does insurance often provide peace of mind ?\?

What are the benefits of having an insurance?

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The correct answer is: Life insurance can offer peace of mind, helping to ensure that your debts or loved ones will be financially taken care of in the event of your death.

The title of my answer is Life Insurance: Putting a Price on Peace of Mind

My answer's reference is Investopedia

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