The phrase "other important purposes" is a general term that refers to any other objectives or goals that are considered significant, crucial, and necessary. Full definition
This not only will reduce the debt burden but it will also save you thousands of dollars that you will be able to use for other important purposes. (badcreditloanservices.com)
With Critical Illness insurance, you may not have to pull money from your savings or other investments which you have kept for other important purposes. (comparepolicy.com)
Life insurance can also provide much needed funds to pay bills, make the mortgage payment and other important purposes in the event the family's breadwinner dies prematurely. (usacoverage.com)