Does Life Insrance work after you die? Many would say that's the only time it does work.
Life insurance is all about death benefit. You pay the premiums while you are living. You name a beneficiary. Also a backup beneficiary in case your main beneficiary dies before you do.
Upon your death...your beneficiary gets paid. It's a beautiful thing.
Once the death benefit is paid for a life insurance policy, the policy is no longer in effect, and no longer "works". The death benefit is paid when the insured person dies. That is the main purpose of life insurance, to pay a death benefit when the insured person dies.
Actually life insurance was designed to work after your death. There are several types of life insurance policies with lots of riders that pay for lots of afflictions and uses. The one thing that all types of life insurance policies have in common is that they all pay a death benefit to your named beneficiary. So to answer your question, yes life insurance begins to work upon your death by paying the proceeds to your beneficiary tax free.
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Life insurance is all about death benefit. You pay the premiums while you are living. You name a beneficiary. Also a backup beneficiary in case your main beneficiary dies before you do.
Upon your death...your beneficiary gets paid. It's a beautiful thing.