What kind of things does life insurance cover?

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Life insurance can be used to cover a variety of common expenses:

  • co-signed debt including student loans

  • mortgages

  • college expenses for the kids

  • living expenses for your family

  • stay-at-home labor expenses (cooking, cleaning, etc.)

  • burial expenses

  • loans from family members

  • estate taxes that your heirs must pay for other assets