Life Insurance
Being able to provide for your loved ones is essential, even if you are no longer here. Clive S O Abrams & Associates LLC offers a life insurance policy that allows you to provide them with one last gift. There are several ways they can use these funds to take advantage of your final gift.
Cover Outstanding Debt
Whether they use it for their debt or the debt that you are carrying in your name, you can leave enough to help pay off any balances that exist right now. When you pass, your debt does not go away. Any property with a loan or mortgage will need to be paid in full or returned to the lender.
Pay Final Costs
Depending on what your final wishes are for services and remains, costs at the end of life need to be paid. With a life insurance policy, your loved ones can use these funds to cover these costs and grant your final wishes.
Other costs your loved ones may experience related to the estate and paying the probate court. While they are responsible as the inheritable party, you can make sure they are not in a financial bind with life insurance.
Leave A Final Gift
If you want to leave behind a sum of money for your loved ones, you have that ability. You can choose to leave behind an amount to be split among the beneficiaries or leave a policy for one person. They can use these funds to cover college tuition, purchase a vehicle, pay a down payment on a home, or use them as they wish.
Get Your Life Insurance Policy Today
If you live in Georgia and would like more information about our life insurance policies, contact our agents at Clive S O Abrams & Associates LLC.
