You need to put the options below. I cannot format your response with this information. Please attach answers or a help guide to continue with the question's process.
The first step is realizing that you have a problem.
This step seems simple, but it's sometimes hard to admit. You can't help somebody that doesn't want to be helped.
Answer:
You could use the money to save towards a house, buy furniture, food, donate and more.
The life insurance policy holder may sell their policy to a "Viatical settlement provider" to receive a percentage of the policy's face value.
Further Explanation:
There are numerous companies in the United States that are licensed viatical settlement providers. When the policyholder sells to these companies they receive a certain percentage of the payout of the life insurance that would be paid upon their death.
The viatical settlement provider will continue to pay all of the premiums that is due on the insurance and upon the death of the policyholder the company that bought the policy will get all death benefits that are owed.
Many people who use this option to get the money now instead of leaving it for their children are the ones who are facing a terminal illness or are having financial difficulties.
Learn more about life insurance at brainly.com/question/2760097
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