This may seem counter-intuitive, but a well-thought-out and comprehensive end-of-life plan isn’t so much for you as it is for your loved ones. No matter how many times you share with them your end of life wishes, as the time grows near, emotions come into play. A good...
A life insurance buyout is a way for you as a policy holder to legally sell your life insurance policy to a third party. This buyout is called a settlement, and it allows you to sell your life insurance policy for a one-time, lump sum payment. In exchange, the buyer...
No matter who your insurance company may be—Metlife, American Income, Primerica, Americo, Unum, Lincoln Financial, Cigna, the list goes on—life insurance payouts work in much the same way. What does make a difference, however, is the type of life insurance you...
Whatever your reasons—maybe you can no longer afford the premiums, or maybe you need a large amount of money immediately—as a life insurance policy holder, you are legally allowed to sell your policy to a third party for a one time cash payment, which is called a life...
There are a variety of reasons why you may choose to cancel your life insurance policy. You may no longer be able to afford the premium payments, or maybe you’ve managed to pay off your debt. Perhaps you no longer have dependents. In any event, canceling, or...
There are a variety of reasons you, as a life insurance policy holder, may choose to sell your policy to a third party for a one-time cash payment, known as a settlement. A life settlement is an option for policyholders that are at least 65 years old and have a policy...
A term life insurance policy is one in which you pay monthly premiums for a defined period of time, generally between 10 and 30 years, and in return, the insurance company pays out a death benefit—an agreed upon amount of money—should you die during that time...
As Americans near retirement age, they may discover the existence of life insurance settlements. The concept is simple—life insurance policy holders are legally allowed to sell their policies to a third party for a one-time lump sum cash payment, or settlement. There...
A whole life insurance policy is what many people think of when they hear the term life insurance. It’s a traditional form of life insurance, into which the insured makes regularly-scheduled premium payments throughout their lifetime, unlike term life insurance, which...
