Are There Consequences to Cancelling a Life Insurance Policy?

Are There Consequences to Cancelling a Life Insurance Policy?

In a down economy where jobs are scarce and pennies are being pinched, some people favor canceling their life insurance policy in order to put that money towards immediate expenses.

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Naming a Charity as a Life Insurance Beneficiary

Naming a Charity as a Life Insurance Beneficiary

Donating to a charity can be a rewarding personal experience. Whether you choose to do this during life or by naming an organization as a beneficiary, it’s a win-win situation.

By either giving the policy to an organization or naming the organization as a beneficiary, you’ll ensure your favorite charity will receive the funds they need to help others. If you like to think outside the box, the death benefit proceeds given to your family can provide the financial flexibility to make donations to the charity of their choice.

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Do Seniors Really Need Life Insurance?

Do Seniors Really Need Life Insurance?

If you are over 65 years old, you can find a policy that will be designed to pay funeral expenses.

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How to Transfer Life Insurance Ownership

How to Transfer Life Insurance Ownership

As with most items of real or personal property, the owner may transfer the life insurance contract by sale, absolute assignment or gift.

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Who Is On My Life Insurance Policy?

Who Is On My Life Insurance Policy?

So, anyone buying an insurance policy in your name will have to prove an insurable interest for investing in you, based either on marriage, blood or business relationships.

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How the Life Insurance Industry Impacts the Economy

How the Life Insurance Industry Impacts the Economy

The life insurance industry provides financial assistance to families experiencing major life events. In 2010, the industry paid $365 billion to policyholders covered by life insurance and annuity policies.

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The History of Non-Medical Life Insurance

The History of Non-Medical Life Insurance

The concept of non-medical underwriting or no-exam life insurance is not a recent innovation by the insurance industry, but has actually been around since the 1920s.

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