Life insurance proceeds can help pay immediate expenses including uncovered medical costs, funeral expenses, final estate settlement costs, taxes, and other lump-sum obligations such as outstanding debts and mortgage balances. …

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Personally, I have $1500000 on my life. And, by the way, it’s not payable to my kids or my ex if something happens to me. My life insurance is payable to a trust for the benefit of my kids that they wouldn’t get control over until they …

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