Final answer:
Life insurance provides financial protection for survivors of the insured individual through the payment of a death benefit.
Step-by-step explanation:
Life insurance does not create an immediate estate in the sense of instant wealth to beneficiaries or a form of real estate investment. However, it does provide financial protection for survivors of the insured individual. In the event of the insured's death, the life insurance policy pays out a death benefit to the beneficiaries, which can be used as a financial resource to cover expenses, pay off debts, or invest for the future.