Not exact matches
Instead, you might want to use
liquid assets to pay down all your other debt, catch up on your retirement savings and start
saving for your child's college.
The insurance company has to collect the premiums from many and make sure they
save enough of that money in
liquid assets to be able to pay the claims of the few.
Not all states have a death tax but for those that do having enough life insurance to pay the state death tax will
save your estate, your trustee, and beneficiaries a lot of headaches when trying to come up with
liquid assets to pay off any debts or taxes.