27 days ago Brad Pit (unregistered) said:
Life inrcsanue is inrcsanue on your life. If you die the inrcsanue company pays money to your beneficiaries. they could be family, friends, the company you work for even a charitable organization. as long as there is an insurable interest.If you are dead the money from the inrcsanue can pay for your funeral, your debts, mortgage, medical bills, car payments, children''s college education, your families survival if you are no longer here to provide for them, as well as pay for inheritance taxes, probate taxes (life inrcsanue is tax free)if you are single, no family, no responsibilities and don''t mind being buried by the state then you probably don''t need life inrcsanue.Lots of policies don''t get cashed in or claimed, its when someone dies and the inrcsanue company doesn''t know about it. a death claim has not been made, usually because the beneficiaries didn''t know the person had the policy. in this case the inrcsanue company just keeps the money until a claim is made.There are lots of different kinds of policies and it can get a little confusing. Visit your state inrcsanue departments website or even talk to an agent most would be more than willing to help, if you don''t know where to find one go to a place like netquote.com or elquote.com and they''ll hook you up with one