If you want your survivors to have sufficient funds, in the event of your death, then life insurance is something you will want to look into. Insurance companies pay in a lump sum, which means the funds can be used to handle the immediate expenses involved with estate settlement and funeral costs. However, this also provides help with the long-term needs of your survivors. A life insurance policy allows you to make provisions for your dependents, and some even offer options in case you become disabled. You can also find a few that propose a retirement annuity.