M ost people never personally see the benefit of their life insurance policies. See our Estate Planning idea pages.
Some people buy life insurance to protect their family in the event of a disaster.
The life insurance proceeds create an immediate distributable estate. Others buy it to provide immediate liquid assets after death. The life insurance proceeds provide liquidity to pay off final expenses and taxes. Plan when to give what to whom . If you find that your life insurance is no longer necessary for its original estate planning purpose, it may be perfect for your charitable planning.