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Frequently Asked Questions
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Why Should I Consider a Life Insurance Policy Replacement?
- Date posted:
July 31, 2017 9:09 AM
- A life insurance policy is a financial asset, which needs to be reviewed on a regular basis to ensure you are getting the value you expect, in exchange for the premium dollars you pay to the life insurance company. Your policy could be affected by a change in personal preference, the issuing company's financial condition or increased competition in the insurance industry. In some instances, replacing your pre-existing policy with another one may be more beneficial for you, but it is a very big decision to make.Full Story »
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Articles Library, Featured Articles, Featured Story, Frequently Asked Questions, Life Insurance, Life Insurance; Tony Steuer Columns, Tips
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Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb
- Date posted:
July 27, 2017 7:07 AM
- You hired a divorce attorney, split your possessions amicably, remarried, and lived happily ever after for 30 years. Everything’s been taken care of, right? Wrong.
Did you remember to change the beneficiary on your life insurance policy? If not, there’s a good chance your life insurance proceeds might go to your previous spouse, leaving your current partner with nothing more than a pile of bills.
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Articles Library, Featured Articles, Featured Story, Frequently Asked Questions, Life Insurance, Most Popular, Tips, Top Headlines, Videos, Whole Life
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Where Can I Turn When My Household Income Runs Dry?
- Date posted:
July 25, 2017 12:12 PM
- Whether it’s the loss of a job, unexpected medical expenses, home repairs or just putting the kids through college, anyone in a financial bind has a variety of resources they can turn to—particularly if they already have a bit of equity to borrow against.
Options include borrowing from a life insurance policy or a 401(k) plan, tapping a home-equity loan, an ordinary refinancing or getting a reverse mortgage.
Of course no discussion of these issues would be complete without first mentioning the importance of financial planning to try and avoid this scenario. Each of these options comes with potential drawbacks to the point where some financial analysts argue for just avoiding them altogether.
Full Story »
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