Using Your Life Insurance Policy to Get Money for Needed Medical Expenses
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Using Your Life Insurance Policy to Get Money for Needed Medical Expenses
Although most people purchase whole life insurance to help protect their beneficiaries when they die, it can also provide you with a way to protect yourself and your family while you are still living. A whole life insurance policy can help you pay for needed medical expenses if you are ever diagnosed with a costly illness. You can settle with your whole life insurance company for a certain portion of your premium payments and then use the money you receive to pay for your medical expenses. This can be an affordable alternative to racking up debt that your family will have to pay off or taking out high-interest loans to get the treatment you need.
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