TOPIC – What do You Use Life Insurance For?

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On death, a family can use life
insurance to;
· Pay medical expenses.
· Pay legal expenses.
· Clear debt (home mortgage,
credit cards, personal loans).
· Replace household income.

For Businesses;
· To fund the purchase of the
insured’s share of the business.
· To fund the capital expenses in
the event of death.
· To fund income.
· To cover any loan guarantor
arrangements.

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