The Long List of Life Insurance Benefits for Individuals
Although life insurance is often used for providing needed funds to surviving family members in the event of a breadwinner’s death, it is also used as a means for paying off debt. This may include payment of the deceased’s final expenses such as funeral costs and any unpaid medical bills, as well as paying down the mortgage on the family home for the policy holder’s survivors. Other advantages for life insurance proceeds can include the funding of future education expenses fo