Life insurance can pay college expensesCarsten Falkenberg
If you need money to buy a home or pay for college, you can borrow against the cash value of a permanent life insurance policy.4Conversely, if you put money in atax-advantagedretirement plan like a 401(k) and want to take it out for a purpose other than retirement, you might have t...
providing them with the financial support they may need after you die. For example, you may purchase life insurance to help your spouse cover mortgage payments and everyday bills or to fund your children's college education.
life insurance policies also accrue a tax-deferred cash value over the life of the policy, they could be considered an investment. depending on the terms of your policy, you could withdraw money to use for such expenses as college tuition, buying a car, or paying for home improvements. how...
Its term life insurance policies can be applied for online or over the phone, but you may need to speak to an agent to purchase other forms of coverage. If you meet certain qualifications you might not need to take a medical exam during the application process. You can also convert its ...
Some decisions are hard but making the call to get life insurance doesn’t have to be one of them. See why life insurance is important—whether you’re 25 or 65.
Probably the only life insurance he needs is to cover his debts and burial expenses.(假设一开始杰瑞是单身,没有家属。也许他唯一需要的人寿保险就是偿还他的债务和埋葬费用)"以及后文"but it means you have to pay for a longer time.(但这意味着你需要支付更长的时间)"可知,后文but表示转折,提到了...
endowment insurance- life insurance for a specified amount which is payable to the insured person at the expiration of a certain period of time or to a designated beneficiary immediately upon the death of the insured tontine,tontine insurance- a form of life insurance whereby on the death or de...
For example, if you try to pay for your child’s college tuition using the money in your 401(k), you’ll owe taxes and a penalty.1 There is, however, a product that is flexible enough to help you reach multiple goals: whole life insurance. Many people naturally think ...
Paying for college tuition Leaving a financial gift Financial needs for business owners There may even be other options you or your loved ones decide thelife insurancecan be used for. Monthly bills and expenses One of the main uses of life insurance is to replace income for those who depend ...