The death benefit is probably the most prominent feature of life insurance and the feature most people think of when they think of life insurance. But that's not the only benefit of life insurance, you can use the cash value of your life insurance while you're still alive because your life insurance policy is collateral.

You can also assign your life insurance as collateral to use other people's money.

If you own a business you can use life insurance as a benefits program and to keep critical employees.

Resources: To get term insurance contact https://mcfieinsurance.com/ Mailto:[email protected] call: 702-660-7000

Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074

Watch on YouTube: https://youtu.be/axpMwXi2s78