I think life insurance is pure magic. I bought life insurance for myself several years ago so I could better protect my family in the event that I should die. Some life insurances do not have an accumulation of cash benefit and others do. I have been paying into my life insurance policy for some time now, and when I need extra money, there it is, just like magic.
I knew that after I have had the policy for a while, I could make a loan against this life insurance policy. The money from my life insurance policy is there when I need it. I do have to pay back the funds I borrow or I will get less when I really need the policy.
• Funds for a new home
• Funds for home repairs
• Funds for the kids for college
• Funds for emergency medical bills
• Funds to pay off the home
• Funds for a trip
The extra funds from my life insurance policy show up just like magic to take care of immediate needs. Life insurance policies are not just for the end of life. A life insurance policy can protect you when you need extra cash.
Just like magic, it is there to pay for the end of life expenses.