Life insurance is something that can help your family pay their bills after you pass away. If too much time passes between the time when someone dies, and when the beneficiary attempts to collect the death benefit, the money might get sent to the State, instead of the person it was intended for. There are some things you can do to prevent that from happening. Most people who get a life insurance policy name their spouse as their beneficiary. The main purpose of getting a life insurance policy is so that you can be assured that your family will be … Continue reading →

There are many reasons why a person should get a life insurance policy. This type of insurance provides your family with financial protection in case you pass away. Most people find some peace of mind in knowing that their family will be taken care of after they are gone. Not all life insurance policies are same, though. Before you purchase a life insurance policy, you should ask yourself some questions, to help you discover which kind of policy you need. What are your goals? Do you want your life insurance policy specifically for the purpose of keeping your family out … Continue reading →

At first glance, this study appears to be pointing out what most of us could have probably guessed. Single parents tend to have more financial difficulties than do parents who have a spouse or partner, because single parents are trying to get by on one income. In any case, there has now been a study that gathered enough data to prove what was previously assumed. Many people feel that life insurance isn’t important, or is something that can be obtained “later”. If you are a parent who recently separated or divorced, then you may be struggling to figure out how … Continue reading →

Earlier this year, I decided to cash out my life insurance policy. This is something that takes a bit of time to accomplish. It is not something one should do on a whim, or without a well thought out reason. Today, I am happy to announce that the cash out check has finally arrived. I consider this to be a great success. This process started out with a phone call to the insurance company that I had this particular life insurance policy with. To summarize, I will simply say that it took more than one phone call before I was … Continue reading →

I am nearly finished with the process that one must go through in order to cancel, and cash out, a life insurance policy. After going through all the steps, and filling out the required form, I thought I was done. Then, this unexpected letter arrived from my insurance company. It seems to be a Policy Value letter. I have outlined and described the four steps that I needed to go through in order to get my insurance company to understand that I wanted to cash out my life insurance policy. In short, the first thing I had to do was … Continue reading →

My husband and I decided to cancel an old life insurance policy that I had. We no longer need it, and I now have a different life insurance policy in place that is better suited to our current needs. After making the decision to go ahead and cash out the policy, we have been going through the lengthy process that is involved when you cancel a life insurance policy. Our next step is to take a look at the form, and fill it out. It is recommended that you take the time to really think things over before cashing out, … Continue reading →

I have been working on cashing out my life insurance policy. The policy is one that I got years ago. Since then, my husband and I each got new life insurance policies that are better suited for our current needs. As such, I have been going through the process of cashing out the older life insurance policy. First, after weighing many different factors, I made the decision to cancel out my life insurance policy. Second, I spoke with a representative of my insurance company who asked me a lot of questions. At that time, I was told that they were … Continue reading →

Today, my husband and I took the next step towards cashing out one of my life insurance policies. We started this process quite some time ago, but decided not to follow through with it at that time. The attempt we made today was successful. Cashing out a life insurance policy is not something that you can start and finish over the phone in one attempt. Our first attempt involved a somewhat confusing conversation with a representative of the insurance company. He brought up some good points that should be considered when a person is about to cash out a life … Continue reading →

In most cases, when you get an insurance policy, it’s to protect yourself from risk. Health insurance protects you from financial disaster due to medical bills. Auto insurance protects you from having to pay out of pocket for repairs to the vehicle you dinged. Life insurance, however, protects your family from financial hardship in case you pass away. This is the one insurance policy that isn’t about you, but is about your spouse and family. There is a long, involved, process that one must go through in order to get life insurance. The details of a life insurance policy are … Continue reading →