What is a Life Insurance Settlement
What is a life insurance settlement? Basically, if you own a life insurance policy and wish to sell it for a lump sum, you can. Instead of returning it back to your insurance company, the person purchasing it becomes the new owner and is responsible for all of the payments from the point of purchase. The amount paid for the policy based on a percentage of the policy’s net death benefit, and...
Read MoreSaving on Health and Life Insurance
Understanding health and life insurance in the United States is not a simple affair. Unlike nearly all industrialized countries (including all of Europe, Australia, New Zealand and South Africa to name a few), the United States does not have nationalized health care for all citizens–yet. Over the next few years, the political change in the US could lead to a universal health care program,...
Read MoreWhat is Whole Life Insurance
A whole life insurance policy covers you for your entire life, not just for a specific period of time. Your death benefit and premium, in most cases, will remain the same. What are the benefits of whole life insurance? Let’s review this type of insurance. Whole life insurance can help you pay outstanding debts in the event of a premature death; it can provide enough capital to cover estate...
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