Life insurance plays a crucial role in estate planning, offering a financial safety net that ensures loved ones are protected against unforeseen events. One of the primary uses of life insurance is to cover funeral expenses, which can be a significant financial burden. The average cost of a funeral can range from $7,000 to $12,000, and life insurance can provide immediate funds to cover these costs, ensuring that family members are not left scrambling to pay these expenses during a time of grief. In addition to covering funeral costs, life insurance policies can be structured to provide direct financial support to beneficiaries. When a policyholder passes away, the death benefit is typically paid out directly to the named beneficiaries, bypassing the probate (court) process. This direct payout can offer immediate financial relief, helping to cover living expenses, pay off debts such as mortgages, or even fund education for surviving young
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