Most people who have life insurance don’t have enough. And many who think they’re covered - through a policy at work or a plan set up years ago - are operating with a false sense of security. Life insurance is genuinely confusing, and the industry hasn’t always done a great job of making it clear. So let’s fix that. What Life Insurance Actually Is At its core, life insurance is a financial promise. If you die while the policy is active, the insurance company pays a lump sum -