It is almost impossible for you to find something that has no disadvantages, and life insurance falls into the class of things that always have a flip side.
You are bound to come across people who think that it is a complete waste of time signing up for this type of insurance, since they see it as a way of enriching other people, through the funds that they forego.
Some say that the process of acquiring the insurance can be so complex, such that an individual never really knows whether the policy that they have signed up for is the best one for them, or whether they or their family will ever recover the whole amount that they are contributing.
Although the above concerns are legitimate and in some cases quite true, we can never disqualify life insurance just because there are some disadvantages.
Think about it, will you decide to never travel by plane or in a vehicle just because there is a chance that there can be an accident? This type of insurance has a big part to play in every individual's life, and choosing not to sign up for it is a greater disadvantage than not signing up for it.
With life insurance, you can have the following benefits:

1. You get to rest in peace

Though not much is known about the afterlife, an insured individual lives knowing that he or she will not leave his or her family in a financial crisis the day they die.
Life insurance takes care of all the expenses, which in most cases can be quite high, especially in cases where the deceased was hospitalized and spent time in the ICU.

2. Insurance and tax

As a financial instrument, life insurance enjoys tax benefits that cannot be compared to any other financial instruments.
For example, the beneficiary receives death benefits without any form of taxation.
Furthermore, the cash value withdrawals up to the amount of premiums paid do not attract any income tax; therefore, an individual gets to enjoy his or her money without "sharing" it with the government.

3. Easy adjustment

For a policyholder, there comes a time when his or her situation changes, whether for the better or for worse, and he or she may need to adjust his or her policy.
Life insurance enables policyholders to make such adjustments, changes that will favor the policyholder for the period that he or she needs them to be effective.
For example, an individual can decide to increase, reduce, or even skip some premiums in the case of life insurance, thus only affecting the death benefits.
The above are only three important benefits out of many more out there.