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How to gift a life insurance policy

Por: CBS News Business December 01, 2022

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While life insurance coverage is typically purchased by the policyholder, it can also be given as a gift. STEVE DEBENPORT/Getty Images A life insurance policy ensures that the dependents of the policyholder are financially protected if that person passes away. It does this by paying out a predetermined sum to the beneficiaries of the policy. It also can be used for cash, depending on the policy type chosen. While life insurance coverage is... + full article



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