Life · Chapter 4 · Key Concepts
Immediate Estate
Definition
Life insurance instantly creates funds for the beneficiary at death — even if only one premium was paid. Chapter 10 calls this the most significant advantage of life insurance.
In plain English
It takes decades to save $500,000 — but a policy creates that estate with the first premium.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
Related terms