How Can You Have The Cash Value Of A Life Insurance Plan Be More Than The Death Benefit?
Posted February 6, 2010 – 10:20 pm in: structured settlements FAQI am taking an insurance class and it doesn’t matter to the answers but I would like to know. I can figure it out if you only have to pay until you reach the face value how can you have more cash value? Is it interest?
1 Comment | Tags: Benefit, Cash, Death, Have, Insurance, Life, More, Plan, Than, ValueWhole Life Insurance Policy Cash In Value On Taxes?
Posted February 1, 2010 – 10:22 am in: structured settlements FAQMy wife quit her job. She was contributing around $10 a month to a 25,000 whole life insurance. We got a letter that said the cash value was around $700. If we cash it in is there a tax cost to us? The letter stated that the cash value will [...]
2 Comments | Tags: Cash, Insurance, Life, Policy, Taxes, Value, WholeIf I Cash Out My Universal Life Insurance Policy Will I Have To Pay Taxes On The Money?
Posted January 27, 2010 – 4:26 pm in: term life insuranceI have purchased a term life policy. My universal life policy is raising each year therefore eating up my cash value unless I pay higher rates. The term life policy rate is frozen for 10 years and is worth more than the univesal policy. I want to cash out the univerasl policy and cancel [...]
5 Comments | Tags: Cash, Have, Insurance, Life, Money, Policy, Taxes, Universal, WillWhat Is The Purpose Of Building Cash Value Inside Of A Life Insurance Policy?
Posted January 25, 2010 – 10:17 pm in: structured settlements FAQWho is this type of policy ideal for? I am almost thrity and considering many options at this point, but I don’t want to consider any options solely based on my representatives opinion. What is the purpose of building a cash value in an insurance policy?
6 Comments | Tags: Building, Cash, Inside, Insurance, Life, Policy, Purpose, Value, What
