Can I use the money for anything?
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The short answer
Generally, the proceeds are yours to use once the sale is complete. Any ownership, trust or benefits restrictions still need to be considered.
What to know
Generally, the proceeds are yours to use once the sale is complete. Any ownership, trust or benefits restrictions still need to be considered.
Before you decide
People may use proceeds for retirement, care, debt or family priorities. If a trust owns the policy or you receive needs-based benefits, ask a qualified professional about any restrictions before using the funds.
General information, not tax, legal or financial advice. Rules and circumstances vary. Consult a qualified professional before making a decision.
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