USES OF LIFE INSURANCE
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Mortgage Protection
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Family Protection/Replacement of Lost Income
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Debt Repayment
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Meet the costs of “Final Expenses”
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“Key Person insurance” to protect a business
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“Executive Bonus” program to reward key employees
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“Buy-Sell” for business partners to protect survivors
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Pension Maximization
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As a form of retirement income (from cash values)
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Legacy contributions to charities; grandchildren