Life Insurance/Estate Planning

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Across
  1. 3. life insurance provides this
  2. 4. this is a person who carries out one's last will, ensuring that the stipulations and wishes of the deceased are carried out properly
  3. 7. this remain level for life in whole life insurance
  4. 8. this person authorizes a trusted individual to handle financial matters
  5. 9. this covers things like what property you're leaving to who and who will be your children's guardian
  6. 11. this is a "legal box" which can fill with assets to be passed down to a specific individual once you die
  7. 12. life insurance helps pay these off
Down
  1. 1. a living will dictates your preferences for this
  2. 2. this type of insurance pays out a death benefit to a beneficiary if the insured passes away during a specified term
  3. 5. term life insurance is also known as this
  4. 6. this insurance policy provides coverage for your entire life and includes a savings component
  5. 10. life insurance helps protect from potentially devastating financial losses that occur when this happens