What is the primary focus of life insurance compared to non-life insurance?

Life insurance primarily focuses on providing financial protection against the risk of death for individuals and their beneficiaries. This form of insurance aids in ensuring that, in the event of the policyholder's death, their dependents receive a payout that can help cover living expenses, debts, or other financial needs, which is a distinctly personal aspect of insurance.

While non-life insurance, which includes various types such as health insurance, property insurance, and liability insurance, may cover risks associated with businesses and tangible assets, life insurance is predominantly centered on personal risk associated with the life of the individual. This distinguishes it from non-life insurance, which encompasses both personal (like health or home insurance) and business-related risks. Therefore, the strictly personal nature of life insurance reinforces its primary focus as being on individuals rather than on businesses or property coverage specifically.