to be used for questions related to life insurance.

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3
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0answers
160 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 ...
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0answers
11 views

Who pays for medical reports, if the insurance company needs to re-evaluate a policy?

Does my mother or the Insurance Company? For the History, please see points 4, 5 here.
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0answers
19 views

What to do, if insurance company is reevaluating your Permanent Life policy but you need to buy Term Life Insurance?

Question: I do not know what to do and hope for some objective advice. Should I apply for a Term Life insurance now? Or should we wait 10 weeks? I do not even know if my mom is covered during this ...
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0answers
75 views

Should a 26-year-old keep or surrender a Paid-Up Whole Life Insurance?

Question: Right now, what should my 26-year-old cousin do with a Paid-Up Whole Life Insurance? Keep or surrender for cash? My 26-year-old cousin's insurance agent has confirmed the following details ...
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43 views

Why does the IRS allow tax-deferred growth in a VUL?

Why would the IRS allow your premium "over-pays" to be invested tax-deferred? What's their motivation? They already allow 401K so why this too?