Author: Jonny Shiver

Life Settlements

What Is a Viatical Settlement? A Guide for Policyholders Facing Serious Illness

For policyholders facing a serious or terminal illness, managing both medical and financial challenges can feel overwhelming. One option that offers relief is a viatical settlement—a financial arrangement that allows you to sell your life insurance policy to a third-party buyer in exchange for a lump-sum payment. In most cases, this payout is significantly higher [...]

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Life Insurance

Can You Have Multiple Life Insurance Policies? A Guide to Layering Coverage for Your Needs

It’s a question many policyholders ask at some point: Can you have multiple life insurance policies? The short answer is yes — and in many cases, it’s not only possible but also a smart, strategic decision. Holding more than one policy allows you to tailor your coverage to fit different stages of life, financial goals, [...]

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Life Insurance

What Are the Tax Consequences of Cashing In a Life Insurance Policy?

Many policyholders are surprised to learn that cashing in a life insurance policy may lead to unexpected tax liability. While a policy’s cash value can be an appealing source of funds, the IRS may treat part of the proceeds as taxable income depending on how the funds are accessed. The tax consequences of cashing in [...]

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Life Insurance

What is the Cash Surrender Value of Life Insurance?

Purchasing a life insurance policy can be a big financial decision. When it comes to protecting your loved ones if you pass away, a life insurance policy is an easy choice to set your family up for anything that could happen. But what if you no longer want your life insurance policy or can’t pay [...]

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The U.S. States With the Best and Worst Landlords

Renting a home comes with plenty of variables, but one factor can make or break the experience: the landlord. A good one communicates clearly, keeps up with repairs, and makes tenants feel at ease. A bad one can turn everyday living into a source of stress. To better understand how renters across the country view [...]

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The U.S. Cities With the Highest-Rated Tourist Attractions

Some cities are simply better built for visitors. Whether it’s walkable downtowns, scenic views, or standout local landmarks, certain destinations offer more memorable experiences for out-of-towners. And in some cases, the tourist attractions themselves are the reason to go. To find the vacation spots with the highest-rated attractions, we analyzed 10 of the best tourist [...]

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Life Insurance

Can You Sell a Term Life Insurance Policy?

Most people buy term life insurance to ensure their loved ones are financially protected in the event of an unexpected death. But what happens when the original reason for coverage no longer exists, or worse: the premiums become unaffordable? You might wonder if you can sell your term life insurance policy and receive some financial [...]

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Life Insurance

What Happens When a Life Insurance Policy Is Surrendered for Its Cash Value?

Surrendering a life insurance policy is a major financial decision that can bring immediate access to cash, but may also come with significant consequences. When you surrender your policy, you give up coverage in exchange for its cash value… but are there better options out there for you? It’s important to understand how the surrender [...]

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How to Avoid Filial Responsibility

When it comes to family, most of us assume that helping aging parents is a personal choice, not a legal obligation. But in more than two dozen U.S. states, filial responsibility laws could say otherwise. These laws allow certain states to hold adult children financially responsible for their parents’ unpaid medical bills, nursing home costs, [...]

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How to Avoid a Nursing Home Taking Your House

One of the biggest fears families face when navigating long-term care is the possibility of losing their home. The idea that a nursing home might “take” your house can feel overwhelming, especially when you’ve worked hard to build a life and leave something behind for loved ones. While nursing homes themselves don’t directly seize homes, [...]

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