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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