Life insurance won't shield your family from the emotional fallout of premature death. It is designed and structured to protect your family from the financial impact of death on their quality of life and their current standard of living. Typically it should clear debts and mortgages as well as providing for an ongoing income for your family and partner's living needs. This helps to ensure that the future you want and planned for your family, including childcare and education, can carry on when the worst happens.