Answer:
Life insurance is the type of insurance that pays the designated person also known as next of kin upon death of the insured
Step-by-step explanation:
Insurance is a arrangement made by either an individual or an entity with an insurance company to obtain a guarantee of compensation in any case of unforeseen disaster/illness
there are four main types: life insurance, auto insurance, health insurance and disability insurance
as their names implies you get compensated or your next of kin( life insurance ) if there is any unforeseen disaster in any of the insurance package