I'm married and wondering how life Insurance would help my family? Life insurance can help by providing you with peace of mind knowing your loved ones will be provided for financially should you die unexpectedly. The proceeds form your life insurance policy can be used by your spouse/family for any purpose, including: 1. To pay for the monthly living expenses. 2. To pay off the mortgage on your house. 3. To pay off any debt including credit cards. 4. To help provide for your spouse's retirement. 5. To help fund your child's college education. 6. To replace your income. 7. To provide for your family's future financial security.