Life insurance may be used as a way to provide liquidity at the time of death.

Question

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Life insurance is often considered as a way to provide financial support to the family of the policyholder in case of their untimely death. This financial assistance can help the beneficiaries cover the costs of funeral expenses, pay off any outstanding debts or mortgages, and help them maintain their standard of living. This immediate access to funds can provide liquidity to the family during an emotionally and financially difficult time.

Life Insurance May Be Used as a Way to Provide