life insurance: Do you or your parents have a life insurance policy you don't need? Sell it!
- 04/02/08 03:52 PM
The has been a growing popularity of "Life Settlements". A Life Settlement provides the insured the ability to sell his/her policy, rather than letting it lapse. The policy is usually sold for more than the cash value. The purchaser of the policy becomes the owner and pays all future premiums.The usual Life Settlement case involves an older individual that no longer needs or can't afford to continue making payments on his life insurance policy. The average premium is greater than $35,000 annually and the death benefit is over $750,000. In many instances the original life insurance policy was bought for a … (0 comments)
life insurance: The Truth about Term Insurance - What Insurance Companies don't tell you.
- 02/23/08 05:15 AM
First we must understand what Term Insurance is and is not. Term life is the simplest type of life insurance. Term gets its name from the limited length or "term" of the contract. Term insurance usually has no cash value, generally lasts for 1, 5, 10, 15, 20 or 30 years, or to some specified age such as age 65 or age 100. If you die during the term, the insurance company will pay the death benefit if all premium obligations are met. If you do not die during the term, no benefits will be paid. You may be able to … (1 comments)
life insurance: How much is your life really worth?
- 02/19/08 09:06 AM
Imagine driving home on the interstate today and you are hit by a large Beer Truck. Your car rolls over into the ditch and you are pronounced dead. How much would you want your loved one's to sue for? One hundred thousand, a million, twenty million?? During the trial, a team of legal experts will fight for you to make sure that your family is protected or made "whole". Although they can not replace the emotional loss, they will attempt to make sure that your family can stay in their home, pay theirbills and educate your children. This is known as … (2 comments)
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The has been a growing popularity of "Life Settlements". A Life Settlement provides the insured the ability to sell his/her policy, rather than letting it lapse. The policy is usually sold for more than the cash value. The purchaser of the policy becomes the owner and pays all future premiums.The usual Life Settlement case involves an older individual that no longer needs or can't afford to continue making payments on his life insurance policy. The average premium is greater than $35,000 annually and the death benefit is over $750,000. In many instances the original life insurance policy was bought for a … (0 comments)
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