The type of insurance that can help provide financial support to beneficiaries when someone dies is Life Insurance.
This is because Life insurance is a type of insurance in which the surviving dependents of the person whose life is insured get financial supports following the death of an insured policyholder.
In a Life Insurance deal, the surviving dependents usually get a certain amount of money, often termed a death benefit.
The surviving dependents must, however, be named the life insurance policy before he or they can reap the benefits.
Hence, in this case, it is concluded that the correct answer is Life Insurance.
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