Who can be a beneficiary of a life insurance policy?

Life insurance is a critical financial tool that provides a safety net for your loved ones in the event of your untimely passing. When you purchase a life insurance policy, you will have to designate a beneficiary who will receive the proceeds upon your death. But who can be named as a beneficiary? In this…

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Which types of life insurance policies have a cash value component?

Life insurance policies can provide financial protection for your loved ones in the event of your passing. However, did you know that certain types of life insurance policies also have a cash value component? This additional feature adds a layer of flexibility and potential growth to your policy. Understanding Life Insurance Policies Before diving into…

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