What You Should Know About Life Insurance Riders

What You Should Know About Life Insurance Riders

When you choose a life insurance policy you might want to consider additional coverage through a rider or waiver. Riders and waivers are a good way to streamline or enhance the benefits of a basic life insurance policy.

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What Is a Life Settlement?

What Is a Life Settlement?

A life settlement allows a person to sell a life insurance policy and receive a cash amount higher than the cash surrender value. The policy ownership is transferred to an unrelated investor in exchange for a cash payment in excess of the policy’s cash surrender value.

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How Do Viatical Life Insurance Settlements Work?

How Do Viatical Life Insurance Settlements Work?

People living with a terminal illness are often faced with very tough financial decisions, and selling their life insurance policy for a viatical settlement can help ease some financial worry. It was originally intended for AIDS patients to have early access to their life insurance policies, but has expanded to include other conditions such as cancer, heart disease, and any other life-threatening illness.

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