Insurance can serve as an important social security tool by providing benefits to individuals and families. It helps reduce poverty, unemployment, and financial hardship caused by illness, death of primary earners, unemployment, old age, and maternity. Insurance provides medical care, sickness benefits, unemployment benefits, old age benefits, maternity benefits, and survivor's benefits. Research shows insurance is seen as a complementary tool to government efforts in social management by restoring financial stability to families during difficult times.