When buying a life insurance policy, you have two options when it comes to how your beneficiaries receive money. One way is to get the whole amount all at once, tax free. Another way is to get the death benefits over a period of few years. This option will cost you less in premiums, but check with the company what the regulations are about tax ramifications.
It is fairly easy to understand why so many people at age 18 to 34 do not think they need life insurance. When you are younger, most of your energy is focused...
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