This is because the proceeds from a life insurance policy can be used for any number of purposes, such as paying off debts, ensuring ongoing income for survivors, and/or providing a legacy for those who you love and care about.īefore you purchase a life insurance policy, though, it is important that you do some research on how much coverage you need, as well as the type of policy that will work the best for you. Life insurance is a key component of most any good, solid financial plan.
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