Common Uses for Life Insurance Policies
You’ve probably given some thought to how your heirs will be able to use the proceeds from your life insurance, but you might not have considered these specific uses:
Other ideas you should consider when making your decision about what type and amount of life insurance you should buy involve legal ramifications. You should involve both your insurance professional and your family attorney.
The answer to most of these questions is a qualified “yes!”
Again, you should consult with your insurance professional, your family attorney, and perhaps a professional tax advisor as well.
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