Final answer:
Life insurance creates an instant estate regardless of the date of death by providing a death benefit and cash value accumulation.
Explanation:
Life insurance is the financial product that creates an instant estate, regardless of the date of death. Specifically, cash-value (whole) life insurance provides a death benefit and an accumulated cash value that can be used by the policyholder. This cash value acts like a savings account over time, ensuring a financial legacy is left behind.
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