What Is Considered Good Value For A Life Insurance Policy?
Posted February 24, 2010 – 10:17 am in: structured settlements FAQA 73 year old smoker pays $60 per month and the policy is only worth $10K. That seems to be a waste of money, especially when this person could use the money on a weekly basis right now. I’m wondering if there is a rule of thumb to determine if the monthly payment is reasonable [...]
6 Comments | Tags: Considered, Good, Insurance, Life, Policy, Value, WhatHow 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, WholeWhat 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
