Life insurance can help elderly people prepare for their future.
While you may not have dependent children living at home, a mortgage or other other major debt, life insurance can help your spouse or partner with the funds needed to pay for your final expenses, and their everyday living expenses if you were to pass away.
The proceeds from your life insurance policy can be used by your beneficiary for any purpose. So, it could help to replace your income, provide for your spouse's retirement, pay for your grand child's college education, or you may even want to leave a legacy to your favorite charitable organization.
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