I have found a life insurance policy, with the owner being my father?
Posted December 26th, 2008He passed away 8 Months ago. This policy shows a face value amount as of march 2004. Also was part of a class action law suit. Does this mean There could be an amount if insurance monies to claim. I would also like to know the meaning of the term [...]
What is the smartest thing to do when usin a life insurance policy and inheritance $ as a home down payment?
Posted December 26th, 2008I want advice on 2 financial issues:
#1.I just found out that my grandfather (who recently passed away) bought a variable life insurance policy on me many years ago. I have completed the process to have it transferred to my ownership. I want to cash it out and use it as money down when I buy [...]
life insurance no physical exam?
Posted December 18th, 2008if someone gets approved for a $250,000 30 year term policy with no exam but after 10 years died from cancer, should the policy still pay?
he wasnt diagnosed with cancer until 5 years after he had the policy but the Dr said he may have had the cancer for over 5 years
so would that [...]
What are the considerations that make a Life Settlement [sale of a term life policy] a reasonable decision?
Posted December 17th, 2008“Live Settlement” and “Viaticals” have received a lot of bad press, but the LS seems like a good deal to me when you are over 65 and wanting to shift financial resources to long term care risks and not death risks. I can’t find a good balanced discussion of LS as they are usually “sales” [...]
I currently have whole life insurance, to help my family in case something happens. Should I have term also?
Posted December 10th, 2008Also, what is a reasonable amount to have for both? I originally just wanted a whole life policy to cover funeral expenses etc just in case something happens to avoid burdening my family, but maybe I should try to get more while I’m young to save money, and also so my family will have money [...]