Death Insurance, also known as life insurance, is a financial product that provides a payout to beneficiaries upon the policyholder's death. This payout can help cover funeral costs, debts, and living expenses for loved ones, ensuring they are financially supported after the policyholder's passing. There are different types of Death Insurance, including term life insurance, which lasts for a specific period, and whole life insurance, which covers the policyholder for their entire life. Choosing the right type depends on individual needs, financial goals, and family circumstances.