There are a few main factors that go into figuring out how much money your life insurance policy is worth. The type of policy has an impact on how you can access cash. Permanent policies, including universal life, whole life, and variable life, build up cash value over time that the policy owner can borrow […]
You may have heard that people who own permanent life insurance policies have several options for getting cash out of their policy. […]
— It’s a commonly-held belief that proceeds from a viatical settlement aren’t taxed like ordinary income. While that’s generally true, there are specific conditions that must be met by the policyholder and the company that purchases the life insurance policy. […]
Funding retirement can be tricky. As people live longer every day, the cost of retirement continues to rise. Selling your existing life insurance could be a potential solution. […]
While purchasing a large life insurance policy in your 30’s was probably a wise move (especially if you were supporting a growing family) that big policy may not be such a great deal after the kids move out. You may no longer need assurances that the death benefit bestowed upon your family by your insurance […]