Have you ever struggled to answer the question “how does life insurance create an immediate estate” in relation to the concept of Insurance? There’s no need to worry about it anymore. This post contains the correct answer to your question.
How does life insurance create an immediate estate
Options:
- Cash value may be borrowed upon at any time
- Nonforfeiture options are immediately available
- The insured’s estate receives the death benefit
- After first premium is paid, the face amount may be available to the beneficiary
The Correct Answer Is:
- After first premium is paid, the face amount may be available to the beneficiary
Conclusion
The answer to your question “how does life insurance create an immediate estate” should now be clear for you. I appreciate you coming here to find the answer to your question and best wishes for your preparation related to various Insurance topics.