The most important features and protections offered by life insurance policies are listed below.
The majority of people buy life insurance to give money to beneficiaries who would face financial difficulties if the insured person died.
However, the tax advantages of life insurance, such as the tax-free dividends, tax-free death benefits.
Tax-deferred growth of cash value, can provide additional strategic opportunities for wealthy individuals.
Before a policy can be written, you will also need to present standard forms of identification, like your driver’s license, Social Security card, or U.S. passport.
