Money To Care For My Pet After I Am Not Around
I recently received this question from a reader:
I want to devise a form of whole life insurance for companion animals, whereby their caretakers pay a reasonable monthly premium and/or flat sum upon their death, in exchange for a lifelong home for their pet(s). Can you help?
I am not aware of any current program that specifically provides for this. However, many caretakers do buy a separate life insurance policy on themselves that is then payable to the pet trust upon their death, for the benefit of their animal
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