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Life Insurance
Why is life insurance necessary
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[QUOTE="Patricks, post: 300811"] If you have dependents who rely on you financially, life insurance can help provide for them in the event of your untimely death. It can help cover living expenses, education costs, and other expenses that your loved ones may have. If you have outstanding debts, such as a mortgage or car loan, life insurance can help pay off those debts so that your loved ones aren't burdened with them after you're gone. Funerals can be expensive, and life insurance can help cover the costs so that your loved ones don't have to bear the burden. Life insurance can be used as part of an estate plan to help minimize estate taxes and provide liquidity for your estate. It can provide peace of mind knowing that your loved ones will be taken care of if something happens to you. Overall, life insurance is a way to help protect your loved ones financially in the event of your untimely death [/QUOTE]
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Why is life insurance necessary
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