Life insurance may be purchased for many reasons. Insurance is purchased to provide an income for your family when you die. Or, you may purchase a life insurance policy to assist with your children’s college education if you live by using a cash value policy.
You may use a life insurance policy to insure your business partner’s life so that if he dies, you can buy out his half of the business from his family. Continue reading “What Is Life Insurance and How Does It Work? (VIDEO)”