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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