There's one benefit of life insurance that people don't often realize. And that is if you get diagnosed with a terminal illness and you have a life insurance policy say $200,000 then once your diagnosed with the terminal illness the life insurance company will release partial proceeds from your insurance policies to pay for your care and treatment because they know they're going to end up paying for you when you die anyway. So what that can do is remove a lot of the last minute end of life medical costs that you would otherwise perhaps not be able to afford especially if you're sick and can't work while you're dying. So that may make your last days more comfortable in some kind of a care home or something like that. And this is a fairly common practice with all life insurance policies now. And I don't even think that the proceeds have to be used for care. But you have to check in on that. So in a way buying life insurance can also function as health insurance during the period of dying from a terminal illness like cancer or something. and you know sometimes it takes a year to die from cancer and you're in and out of treatment centers and your incapacitated or whatever and you need somebody to come help take care of you. I think this would be especially important for someone who is not married and single.
There's one benefit of life insurance that people don't often realize. And that is if you get diagnosed with a terminal illness and you have a life insurance policy say $200,000 then once your diagnosed with the terminal illness the life insurance company will release partial proceeds from your insurance policies to pay for your care and treatment because they know they're going to end up paying for you when you die anyway. So what that can do is remove a lot of the last minute end of life medical costs that you would otherwise perhaps not be able to afford especially if you're sick and can't work while you're dying. So that may make your last days more comfortable in some kind of a care home or something like that. And this is a fairly common practice with all life insurance policies now. And I don't even think that the proceeds have to be used for care. But you have to check in on that. So in a way buying life insurance can also function as health insurance during the period of dying from a terminal illness like cancer or something. and you know sometimes it takes a year to die from cancer and you're in and out of treatment centers and your incapacitated or whatever and you need somebody to come help take care of you. I think this would be especially important for someone who is not married and single.
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