Which of the following is NOT considered a personal use of life insurance?

Estate liquidation is not typically considered a personal use of life insurance, as it primarily serves to resolve the financial obligations of a deceased individual's estate rather than the immediate needs of the policyholder or their beneficiaries. Personal uses of life insurance are those that directly benefit individuals or families during the policyholder's life or in the event of their death.

Cash accumulation refers to the savings component of certain types of life insurance policies, which can be used for personal financial needs. Survivor protection ensures that beneficiaries receive financial support after the policyholder's death, providing personal security. Estate creation involves using life insurance to create an estate that can provide financial benefits to heirs, again serving a personal purpose. In contrast, estate liquidation focuses on paying off debts and distributing assets according to the deceased's wishes, which reflects a broader concern for the estate rather than a personal benefit for the insured or their family.