Life insurance create can be used to create a large amount of cash upon the death of the insured person. The cash paid out as a death benefit from life insurance may be used to pay estate taxes and fees.
Also, life insurance cash be used to fund a buy sell agreement, key person life insurance, and for other business needs.
The cash from life insurance may help the heirs of the insured keep their home and pay off any outstanding debt left by the insured.
Learn more about estate planning with life insurance