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Do I Need Life Insurance?
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Banks use life insurance assets in several ways to manage risks and generate profits. Here are a few ways banks utilize life insurance assets: 1. Collateral for loans: Banks can accept the cash value of a life insurance policy as collateral for loans. This allows individuals or businesses to borrow against their policies' cash value without surrendering the policy. 2. Investment portfolios: Banks often invest in life insurance policies as part of their overall investment portfolio. Life insuranc
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