Life insurance, term life insurance, guaranteed renewable term & death cover - they're all terms used to describe cover that will pay a lump sum if you die. When people say life insurance often this is the cover they are thinking of. It is the most basic of all cover.
If you have family depending on you or a mortgage on home or business - life cover is your most basic need.
If you had a machine in the shed pumping out $100 dollar notes every Friday afternoon - you'd have it insured - right?
One thing common to successful people is they understand their own worth to the family unit or their business and they realise the value of being prepared for the unexpected.
Just as you would insure the money machine in the shed, get advice about insuring yourself or those making important contributions in your organisation.