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How to use life insurance to pay off debt

Por: CBS News Business September 29, 2022

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Depending on your plan, you may be able to use your life insurance to pay down debt. Getty Images/iStockphoto A protects your dependents in the event of your death. It does this by paying out a predetermined sum, which is intended to replace the income of the policyholder. If you have , your policy comes with a that you pay over time. You can then withdraw that cash and use it for a variety of reasons, including paying off debt.If you're in... + full article



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