Mortality insurance is a type of insurance policy designed to provide financial protection to beneficiaries in the event of the policyholder's death. It typically pays out a lump sum, known as a death benefit, which can help cover expenses such as funeral costs, outstanding debts, or living expenses for loved ones. This insurance can come in various forms, including term life insurance and whole life insurance. Term life insurance offers coverage for a specific period, while whole life insurance provides lifelong coverage and may accumulate cash value over time. Both types aim to offer peace of mind and financial security for families.