Section 1: Establish Your Estate Plan Foundation
Life insurance can help build or protect your estate by giving your loved ones quick access to cash when you pass away.
It’s especially helpful if most of your wealth is tied up in assets like property or investments that take time to sell.
Common uses of life insurance:
Paying off debts, taxes, and final expenses
Providing income for dependents
Facilitating business succession
Equalizing inheritance among children
Making charitable donations
