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term insurance

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Issue:

Business

 

Written by:

Teresa H

 

Date added:

March 15, 2012

 

Level:

University

 

Grade:

B

 

No of pages / words:

6 / 1614

 

Was viewed:

5734 times

 

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Essay content:

If you have dependents, then you need to consider what would happen to them if they no longer have your income to rely on. Proceeds from a life insurance policy can help supplement retirement income. This can be especially useful if the benefits of your surviving spouse or domestic partner will be reduced after your death...
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In addition, life insurance can be used to pay off the mortgage, supplement retirement savings and help pay college tuition. Estate planning The proceeds of a life insurance policy can be structured to pay estate taxes so that your heirs will not have to liquidate other assets. Term Life Insurance Term life insurance provides a death benefit only if death occurs during the "term" or coverage period of the policy...
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