37) Commercial paper that is sold without going through a broker or dealer is known as A. book-entry - Answered by a verified Financial Professional Finance Have Finance Questions?
Life insurance is usually used to protect your income for the benefit of your dependents (although there are other reasons to purchase life insurance, such as for estate planning). You should in most cases purchase life insurance when you have dependents or when you have a large outstanding debt such as a mortgage.
Let them take out a life insurance policy on your life. Then, you give them the money to pay the premiums. When you die, they get the proceeds tax free. Getting a policy without the insured's knowledge will be tough because most life insurance policies require a physical.hanks to job fluctuations a while back, he'd let a lot of the insurance drop. Now he has health, liability and disability, but no life insurance-and I've been nagging at him to get it back for a while.