They say that when you’re a hammer, all the world’s a nail. It seems like life insurance salespeople will try to sell you life insurance as a solution to almost any problem you may have. We’ll give you a bit of a quick primer on some of the various ways life insurance is used.
These are a few of the main ways that life insurance is used for individuals, and there are others. However, in every instance, insurance policies are complex and sophisticated legal contracts, and they may not be right for you. You should definitely consult with an independent advisor before to make sure you understand what you’re buying.