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5
votes
1answer
140 views

What is the simplest way to describe indexed universal life?

Indexed universal life seems to be pretty popular these days, but it also comes off as very complex with a lot of small print. Without getting too complex, whats the simplest way to describe what it ...
3
votes
0answers
131 views

Does the life/disability insurance policy on my car apply now that it's paid off?

My husband and I had purchased life/disability insurance on our new car in 2007. In 2008, my husband became ill and passed away at the end of that year. Recently, I found the policy and took it to the ...
1
vote
0answers
83 views

How to recover value from a term life insurance policy?

This happened in Canada. A person has a life insurance policy that matures in 2024 (in 9 years) and he has been paying monthly premium since 1996 (for 19 years). He lost his job and is not able to ...
0
votes
0answers
24 views

What is real economic transaction for VEBA?

I'm reading Corporate-owned life insurance, and it states: ... COLI is most common for senior executives of a firm, but its use for general employees is still sometimes practiced, primarily as a ...