Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
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Section <strong>14</strong>.4<br />
Life Insurance<br />
The Purpose of Life Insurance<br />
Life insurance benefits may be used to:<br />
• Protect the people who depend upon you<br />
from financial losses caused by your<br />
death<br />
• Pay off a home mortgage or other debts<br />
at the time of death<br />
• Provide an education or income for<br />
children<br />
• Make charitable donations after death<br />
• Provide a retirement income<br />
• Accumulate savings<br />
• Pay estate <strong>and</strong> death taxes<br />
<strong>Business</strong> <strong>and</strong> <strong>Personal</strong> <strong>Finance</strong> <strong>Unit</strong> 4 <strong>Chapter</strong> <strong>14</strong> © <strong>2007</strong> Glencoe/McGraw-Hill<br />
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