Life Insurance fi­nancially assists your benefi­ciaries after your death.

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Life insurance is designed to provide a lump sum payment in the event of death or if you were diagnosed with 12 months or less to live. It has a built-in funeral benefi­t for most providers which is between $15-25K.  Bene­ficiaries generally use the funds to payout a mortgage, pay for children’s education, pay off any additional debt, provide for funeral expenses and future living expenses etc.