Don't kill your life insurance policy
Certain factors can invalidate a life insurance policy. Protect your heirs by taking these steps.
Shopping for a health insurance plan
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Life insurance needs vary with lifestyle
Whether or not you need life insurance depends on your age, family structure and financial situation.
A mini-primer on permanent life insurance
Permanent insurance is more far complicated and expensive than term. Here's a rundown on the different types.


now humanly possible to sell your whole life insurance policy to the highest bidder and take a moolah settlement, called the life settlement, and use it for whatever purpose that fits your circumstances.

However, before going down this technique I recommend that you consider your alternatives. Contemplate about it, there would be certainly not such thing as a life settlement industry if there wasn't a ton of assets to be made switching old policies for new - which is the goal of the industry after all.

They are not in the life settlement business for their health or your profit. In fact it wasn't very many years ago when blood relative who recommended that you switch an old policy with a new one were in actuality breaking the insurance laws in their states.

Buying life insurance is just about the most unselfish thing anyone can do. Having some advisor express you that you don't need it any more and more is regularly an irresistible opportunity to get back to thinking of themselves.

Surrendering a life insurance policy, getting a bunch of greenbacks back for themselves and buying another life insurance policy with some of the proceeds and putting the rest in their poke is an offer they don't want to refuse.

However, the need for life insurance never goes away. The assets and flock you are protecting and the reasons you ought to want to protect them change, but it's still there. The flesh and blood suggesting that you don't need the insurance anymore because the specific good reason you bought it in the first place has changed are not looking out for you, they are looking out for them and their commission.

Before you actually consider a life insurance settlement proposal contact the business establishment that sold you the insurance in the first place. Go to the stock company's web site, not that of the middleman - since they may have very different objectives, and see what options are available without generating a huge new commission for the multitude recommending that you exchange your old, according to them "outdated" life insurance policy for a new one.

Surmise about it, don't you imagine that Equitable, Pacific Life, Colonial Life and all the other well established companies have creative ways to adjust the billions and billions of life insurance policies they have sold to meet situations like this? For them keeping the life insurance policies on the books is the single most profitable thing they can do.

So talk to relatives at the home office who are quick to make the adjustments necessary in the whole life policies you so far have. Then seek the input of knowledgeable blood relation you trust, maybe members of your business to business peer group, who do not have a financial stake in the judgement you make.


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