1960: Why Get Life Insurance If You're Financially Independent by Financial Samurai
Optimal Finance Daily - Financial Independence and Money Advice
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Six Things You Need to Know Before Getting Life Insurance
Life insurance is a way to diversify giving, even if you have a trust and can avoid probi iliquid assets take time to sell. On the other hand, life insurance payouts can be available to your beneficiaries in as quick seven days. The typical payout is 30 days, which is still much faster than illiquid assets can usually be sold. If you set up a life insurance trust it doesn't count towards the 11 point, five, eight million per person estate tax limit.
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