Common uses for life insurance money include covering the cost of a funeral, medical bills, mortgage payments, and children's college tuition. (quotacy.com)
In order for your spouse to get life insurance money if you die, he or she needs to be the owner of your policy. (quotacy.com)
The company or carrier is responsible for financially managing the shared pool of life insurance money available for pay out if you or another member dies while owning their policy. (quotacy.com)