Life insurance may be one of the most important purchases you’ll ever make. In the event of a tragedy, life insurance proceeds can help pay the bills, continue a family business, finance future needs like your children’s education, protect your spouse’s retirement plans, and much more.
So if a family member dies and you do not have a life insurance and they run a company you are probably not going to be using that company again beause you must use a lot of money to cover the costs.  But If you would have one it could go on as normal, but with a new owner.