ANSWER: FALSE
FACT: Over $797 Billion in Life Insurance Benefits paid out to Americans in 2022 alone.
Life Insurance
- Pays off mortgages
- Replaces income for a surviving spouse
- Provides long-term care funds
- Provides for charitable giving
- Funds college tuition
- Collateralize business financing
- Used in estate planning
- Offers tax free-benefits
- Used in estate planning
- Builds a legacy
Question: How much will pay out when you pass?Â
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