I have a $1 million life insurance policy, and there are 4 ways I hope my wife would use it if I died

kate_sept2004/Getty Images Life insurance is an important protection for families who rely on a primary income earner. When my wife and I decided to have kids, I signed up for a $1 million life insurance policy to protect my family from a worst-case scenario. If your family receives a life insurance payout, it's important to create a long-term plan and budget to ensure the funds last as long as possible. Policygenius can help you compare life insurance policies to find the right coverage for you...