Life Insurance: What are the general purposes for life
insurance? Pt. 2    1. To pay for death taxes and/or estate
settlement costs. These costs can exceed 50% of the fair market
value of an estate.    2. Pay off a home mortgage.    3. Fund a
business transfer. Many businesses have multiple stockholders.
Life insurance proceeds upon the  death of one stockholder
provide ready cash to finance the transaction.    1. To replace
charitable gifts. If large assets are gifted to charity there
are fewer dollars that can pass as an inheritance. Life
insurance can replace that lost inheritance.    2. To supplement
retirement funding. Certain life insurance products can
supplement retirement funding by accumulating additional funds
for retirement years.  We'll explore several of these users in
more detail in the pages that follow.  Note that all life
insurance policies are subject to substantial fees and charges.
Death benefit guarantees are subject to the claims paying
ability of the issuing life insurance company.  Ex