Life insurance coverage is basically an agreement in between the insured and the insurance provider that pays if the insurance policy holder, the guaranteed, passes away. The life insurance coverage cash typically goes to a relative or recipient. However, how can this even pay for the insurance provider? Everybody passes away, after all. Well, this all involves how the agreements are established. Media: Fragile Rille – Reunited by Kevin MacLeod is certified under an Imaginative Commons Attribution 4.0 license. Source: Artist: