Question

What are some of the advantages and disadvantages of insurance

Answer 1

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Advantages & Disadvantages of Life Insurance

• Life insurance provides an infusion of cash for dealing with the adverse financial consequences of the insured's death.
• Life insurance enjoys favorable tax treatment unlike any other financial instrument. Death benefits are generally income-tax-free to the beneficiary.

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Answer 2

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Advantages & Disadvantages of Life Insurance

• Life insurance provides an infusion of cash for dealing with the adverse financial consequences of the insured's death
• .Life insurance enjoys favorable tax treatment unlike any other financial instrument. Death benefits are generally income-tax-free to the beneficiary.

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