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What Is a Life Insurance Beneficiary?
You could argue that life insurance means nothing without the beneficiary. Sure, it’s the policyowner who initiates the coverage and pays the premiums. But assuming that the insured doesn’t let the insurance lapse or sell it in a life settlement, the beneficiary is the one who ultimately benefits from that life insurance policy.
Can Seniors Over 70 Get Life Insurance?
Can seniors over 70 get life insurance? The short answer is yes. The life insurance options for the elderly aren’t as plentiful as they are for the younger crowd, but seniors can secure a death benefit even after age 70.Â
What is a Return of Premium Life Insurance Policy?
A Return of Premium (ROP) life insurance policy guarantees a full or partial refund of the premiums you pay if you outlive the stated term of the policy. This feature is typically added as a rider to a traditional term life policy that has a 20- or 30- year term. Some ROP policies return only the base premium payments to the policyholder but not the additional cost for the ROP rider, while others return the full cost.
The Best Retirement Blogs in 2025
It’s never too early or too late to plan for retirement. Whether you are planning or saving for retirement or are already retired and looking for more lifestyle tips and advice, Harbor Life Settlement has pulled together a list of retirement blogs that will help you in 2020.
Best Retirement Communities of 2025
The best retirement communities generally deliver on climate, proximity to healthcare, affordability, social activities, and retirement center amenities. They can range from cozy, close-knit neighborhoods, to sprawling city-like meccas where you never have to wander outside the gates. You can also find less formal enclaves of retirees in cities throughout the U.S. — some of which make great retirement destinations for those who don’t like the feel of a master-planned community.
Here’s a look at 15 retirement locations that might match your definition of the ideal place to retire.
4 Ways Filial Responsibility Laws Can Affect You
Your folks clothed you, bandaged your skinned knees, and fed you dinner for years. And now, it may be time to return the favor, figuratively anyway. Did you know that some states make it your legal responsibility to support your parents financially? It’s true, and without some proactive planning, you may be at risk of footing the bill for your parents’ high-dollar medical debt.Â
Is Long Term Care Insurance Worth It? Coverage Basics
When you start shopping for long-term care insurance, you’ll realize quickly that it’s pricey and complicated. And that can leave you wondering whether this form of coverage is worth it. Unfortunately, there’s no short answer to that question. Long-term care insurance can add value in certain situations, depending on the coverage, as well as your net worth, your age, and your health history. Before you can fully evaluate how long-term health insurance would fit into your life, though, it’s wise to master the basics of how this coverage works.
Life Settlement Calculator
You’ve heard about the possibility of selling a life insurance policy you don’t need or can’t afford, and you’re thinking you could use the cash to pay medical or long-term care bills, or to invest in a more comfortable retirement. But before you take the step of contacting a life settlement company, you’d like to get some idea of how much money you can get for your policy – and whether you’re even eligible to sell it. An online life settlement calculator can provide a quick general assessment of your eligibility to sell your life insurance policy, but it cannot replace the in-depth medical underwriting process required to accurately estimate the value of that policy.
Understanding Insurable Interest and Why It Matters
What do insurable interest and gravity have in common? Both are fundamental concepts that impact our lives daily, and yet we hardly think about either one. Gravity keeps your feet on the ground, and insurable interest underpins every insurance policy you’ve ever owned.