In addition to the emergency backup fund, it could be prudent to establish your own, controlled backup cash generator to serve as a source of income for your family. (thebalance.com)
Your policy can be used as a source of income in retirement without having to pay income tax on the proceeds from your policy loan. (insuranceandestates.com)
The individual - an individual who purchased a life insurance insuring one's life will give his family a security to receive death benefits, protection as well as a source of income. (usacoverage.com)