In recent years cashing a life insurance policy has become a very common practice.
It used to be that most life insurance policies were left in force in order that the intended beneficiaries could receive the face value of the insurance policy upon the death of the insured.
Ever since the inception of the aids virus people with the disease have searched for ways to get their hands on cash to pay medical bills and in some cases just to live.
Thus, if these people have life insurance policy with large cash values they end up cashing a life insurance policy or selling their life insurance policies.
Don't pay too much for life insurance! Shop and compare Quality Quotes from Quality Carriers first. Just answer a few quick questions then get your Quotes. The process is Easy and FREE. Click Here For Free Quotes
Even the people who are receiving structured settlements from life insurance or an annuity are cashing their settlements in return for an immediate lump sum.
These companies that buy these settlements or policies are enjoying a real bonanza...but the person with the terminal illness and their families are really losing in the end.
These investment companies buy life insurance policies from terminally ill people for a percentage of the face amount of the policy.
The investment company pays all premiums for as long as the insured stays alive and collects the death benefit upon his or her death.
The investment company is called a viatical company. Selling the policies can be referred to as "viatication".
In some situations people who are not terminally ill also sell their policies. In their situation their health has declined and they are in need of cash.
These are referred to as life insurance settlements. Instead of cashing a life insurance policy or selling your life insurance policy it may be prudent to take a loan from your policy if the "loan value" is sufficient to meet your financial needs.
Keep in mind that there may also be tax implications involved with cashing a life insurance policy or selling it.
Can you think of anything more important than your Family's Security? What would happen to Your Family if you died? Would they be provided for? Compare Quality Life Insurance Quotes from Quality Carriers and Save. Click Here For More Info
Life Insurance Policy Cash Life Insurance Policy Viatical Settlements Whole Life Insurance Quotes 10 Year Term Life Insurance Policy 15 Year Term Life Insurance 20 Year Term 25 Year Term Life Insurance 30 Year Term Insurance 5 Year Term Insurance Accelerated Death Benefit Whole Life Insurance Advantages Of Whole Life Insurance Best Term Life Insurance Rate Annual Renewable Term Life Insurance Disability Insurance Long Term Disability Insurance Long Term Care Insurance Online Insurance Quotes Term Life Insurance Mutual Funds Financial Planning Retirement Planning Estate Planning Mortgage Insurance Universal Life Insurance Whole Life Insurance Quotes Cheap Life Insurance Life Insurance Companies Cheap Term Life Insurance Term Insurance
Should life insurance buying be seen as an urgent matter? There is something about some people that at times may cause them to procrastinate about matters that could end up being quite costly...
Let us talk affordable term insurance. You want a policy that can fit into your budget, right?
It can be a very satisfying feeling when you become aware of the advantages of whole life insurance for the first time.
The best term life insurance rate can be quite easily found on the internet today because web insurance companies have done intense research on behalf of the consumer.
I recently did some research on the development of the 30 year term insurance policy over the years. What I learned was quite interesting.