Life insurance must be a hard sell, pay us money and you’ll never see a return in your lifetime.
Maybe death insurance is a better option, you get paid money for being alive and you only pay the premium when you die.
If you default, you can’t be sued.
Although shouldn’t life insurance actually be called death insurance?
To a layman, you are correct. But for someone who understands how transferring risk can benefit an estate, it's actually a pretty useful allocation. Implemented properly and at the right time of course.
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