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Life Insurance
Life Insurance
The primary reason most people purchase life insurance is to provide
income for their beneficiaries if they die. However, life insurance
can also play an important part in estate planning, cash accumulation,
wealth transfer, and estate tax liquidity.
There are several types of life insurance, and they all can provide
an excellent opportunity for you to meet many of your goals while
still protecting the financial security of your loved ones. All
life insurance policies share some common elements: you pay premiums
to the insurance company; upon your death, the insurance company
pays a death benefit to your beneficiaries; this death benefit
is received income tax-free. However, there are several variations
on this basic investment product, as outlined below:
Term Life Insurance
Convertible
Term
Whole Life Insurance
Universal Life
Insurance
Variable Whole
Life Insurance
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