Life Insurance, as any insurance, is a contract or policy between two parties (the insurance company and the owner of the insurance or policy holder), wherein the policy holder, or beneficiaries, will receive financial assistance on the event of the insured person’s death. When signing the contract, the policy holder agrees to pay premiums which [...]

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A Life Settlement, or the sale of a life insurance policy, is gaining popularity as a new opportunity for seniors to generate cash. By “cashing in” a life insurance policy, one can reap the rewards of an immediate cash payout without lapsing or surrendering the policy to the insurance company.
Faced with rising insurance premiums, increasing [...]

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