One of our clients recently purchased this type of policy with the intent of the death benefit to be used to provide
future living expenses for a disabled autistic child.
The new reality is a self - directed career with multiple employers, personal responsibility to save adequately for retirement and
future living expenses in an extended retirement period with less and less provided by government.
Putting it simply, you need to buy enough life insurance to cover your obligations, like funeral costs, medical bills, and
future living expenses for any dependents.
To answer this question, you'll need to calculate your child's expenses carefully and consider his or
her future living expenses.
Often the life insurance proceeds are used for
future living expenses, paying off a mortgage, and to cover final expenses such as funeral / burial costs.
To answer this question, you'll need to calculate your child's expenses carefully and consider his or
her future living expenses.