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Life insurance: there is more than one purpose

In our previous post, we explained how life insurance could be a powerful tool to transfer intergenerational wealth.


DANMAR

But life insurance can also be used during your lifetime. Did you know you could borrow against it? Use it as additional retirement income? Or as collateral for a loan? You can also use it to leave a mark on society: setup a charitable donation and benefit from tax credits.


Now that’s a powerful tool.


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