Life Insurance 100 – The Facts You Need to Know

Life Insurance 100 – The Facts You Need to Know

It’s just a plain fact. Most of us don’t like to face up to the subject of our own deaths, but death is an integral part of a human life. In order to protect our families, we need to give at least some thought to the subject of where life insurance fits into our legacy. The more you understand about life insurance, the better you’ll be prepared – not only for your final expenses and protecting…

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Money needed to cover death-related expenses

Money needed to cover death-related expenses

The cash your family receives from a policy’s death benefit can provide the resources needed to lessen the financial weight that comes from death-related expenses.

The amount needed for these costs depends on your individual situation. Large hospital, medical, home care, or rehabilitative bills can drain a family’s resource before death even occurs. The cash from life insurance proceeds can help replace these losses so death-related expenses don’t plunge your family into a financial sinkhole, according to McGill’s Life Insurance author Edward E. Graves.

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