One of the basic uses for life insurance proceeds. A reserve death benefit fund provided by the insured to protect his or her family against sudden large, unbudgetable expenses, such as accidents, operations, etc. The increasing loan value of a life insurance policy also constitutes, and is often referred to as, an emergency fund for the insured while he or she is living.

a short-term cash reserve for rainy days

The money, in the form of liquid investments in bank savings accounts, two-in-one accounts and liquid funds, you need, to take care of emergencies like a job loss that your insurance policies wouldn’t cover

Money set aside for emergency expenses.

Money set aside to allow you to weather any unexpected events or expenses in your life. Often used to pay for expenses not incorporated into the budget such as property losses, medical expenses not covered by insurance, unemployment.

One of the basic uses for life insurance. A reserve death benefit fund provided by the insured to protect their families against sudden large, unbudgetable expenses such as accidents, operations, etc. The increasing loan values of life insurance policies also constitute, and often are referred to as, emergency funds for the insured while they are living.

One of the uses of Life Insurance which provides money for the emergency expenses of a deceased's family prior to the final settlement of the estate.