How does life insurance create an immediate estate?

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How does life insurance create an immediate estate?

Cash value may be borrowed upon at any time
Nonforfeiture options are immediately available
The insured's estate receives the death benefit
After first premium is paid, the face amount may be available to the beneficiary

Answer: After first premium is paid, the face amount may be available to the beneficiary

Life Insurance Premiums Proceeds and Beneficiaries

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