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How and Why Wealthy Families Use Life Insurance

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How and Why Wealthy Families Use Life Insurance

How and Why Wealthy Families Use Life Insurance

Many people think about life insurance as financial protection against premature death. The death benefit to be paid is a replacement for lost income and helps keep the family going. But most affluent families aren’t overly concerned with income replacement. Instead, wealthy families use life insurance to protect assets because of the specific tax benefits and ROI it can provide.

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