Which form of insurance is designed to ensure a financial safety net for dependents in the event of death?

Life insurance is specifically designed to provide financial protection to dependents or beneficiaries in the event of the policyholder's death. This type of insurance pays out a lump sum, known as the death benefit, to the named beneficiaries upon the insured's passing, ensuring that dependents have financial support for expenses such as living costs, education, and other financial obligations.

In contrast, disability insurance provides income replacement if the policyholder becomes unable to work due to a disability, and health insurance covers medical expenses for illnesses and injuries. Property insurance protects against damage to property and does not provide coverage related to the death of an individual. Therefore, life insurance is the only option among these that directly addresses the need to support dependents financially after the death of the insured.