Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Life Insurance Companies and other Life Insurance topics.
Life insurance is at the heart of a family's financial security. The products provided by life insurance companies serve more than one purpose.
1) Protection: Life insurance helps ensure that a family can keep the house and pay the bills in the event of a death.
2) Savings: Life Insurance Companies offer products that have living benefits. Some polices accumulate cash value that you can use later for an education, emergency expenses, or retirement.
3) Wealth Transfer: Death benefits are tax-free and have a high amount of liquidity. Life Insurance Companies offer policies that are useful for businesses as well as for families.
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