MSU Extension: Life Insurance Can Play Key Role in Family Estate Plans

Life insurance is often thought of as a way to provide money to loved ones after a death, but a revised Montana State University Extension MontGuide points out that it can also serve as an important estate planning tool to help families protect assets, provide financial security, and make the transfer of property easier for future generations.

Life insurance can provide immediate cash when it is needed most. Funds may be used to pay debts, medical bills, funeral expenses, probate costs, and other settlement expenses. In some situations, life insurance proceeds can prevent the forced sale of fa...