Life Insurance

May 17, 2021

Guide to Life Insurance for Cancer Patients Life Insurance

Read on to find out if life insurance covers cancer, whether you can get life insurance while being treated for cancer, what your insurance prospects look like once you're in remission, and what to do if you can't afford your life insurance. ...

May 6, 2021

What is Stranger Originated Life Insurance (STOLI)? Life Insurance

Learning more about STOLI empowers you to protect yourself from insurance scams. It may also clarify how you can legally sell your life insurance for top dollar. Read on for a full review of what STOLI is and what it isn't....

March 30, 2021

Can You Have More Than One Life Insurance Policy? Life Insurance

Yes, you can have more than one life insurance policy. There are no legal restrictions on the number of life insurance policies you can hold, though there could be financial limitations. That's not to say it's a bad idea to have multiple life insurance policies -- two or more layers of coverage may ...

March 25, 2021

How to Cancel a Life Insurance Policy the Smart Way Life Insurance

What happens when you cancel life insurance? Unfortunately, that's not a simple question to answer. Your coverage might end immediately, or it might not. Plus, you may or may not receive a refund of the premiums you've paid. These details hinge on the type of policy you have and how long you've had ...

March 25, 2021

How to Find Out if an Old Life Insurance Policy is Worth Anything Life Insurance

Life insurance is a financial parachute of sorts. But it can take years to prep that parachute to deliver a soft landing, for beneficiaries or for the policyholder later in life. On permanent and term life policies, the policyholder could pay premiums for decades before the family or insured sees an...

March 11, 2021

6 Things Life Insurance Agents Should Discuss During Renewal Life Insurance

You can step into that advisory role with a structured and proactive conversation with your clients when they are renewing their life insurance policy. Here are six questions to ask during life insurance renewal to move your clients into the type and level of life insurance that will help them reach...

March 11, 2021

Everything You Need to Know About Reverse Life Insurance Life Insurance

Find out what reverse life insurance really is, what the benefits are, how it differs from a life settlement, and the various reverse insurance options you have....

March 3, 2021

What to Do Before and After a Lapsation in Life Insurance Life Insurance

This guide to life insurance lapsations covers what you need to know about grace periods, reinstatement options, and how to maximize your policy's value even as you're facing lapsation. Read on to learn what steps you can take to protect your life insurance investment, before and after a policy laps...

February 9, 2021

How to Get the Most Returns from ILITs with Life Settlements Life Insurance , Life Settlements

An irrevocable life trust or ILIT is an entity created to hold a life insurance policy. Its primary purpose is to minimize estate taxes by transferring ownership of the life insurance policy away from the insured. Putting the policy in an irrevocable trust generally precludes the value of the death ...

February 9, 2021

Fiduciaries: Don’t Ignore the Secondary Market for Life Insurance Life Insurance , Life Settlements

Read on for an explanation of the secondary market for life insurance, how it differs from the primary market, and the benefits eligible policyholders can expect to receive from the sale of their life insurance. ...