Q&A
Asked by an anonymous user
Short answer is "yes", we do. Curious about
the request, however. Here is why. ALL
permanent insurance plans have a cash value
component. But not all of the plans are ...
Q&A
Asked by Crystal
Ok, Here is what having a "bank" can mean when
it comes to life insurance. An actual bank has
money in it that came from you; that is the
principal. The bank applies a...
Q&A
Asked by mkmimi
Answered by Donald Laymon
Financial Adviser in Bonaire, GA
Financial Adviser in Bonaire, GA
A 702j retirement plan is a retirement
strategy that uses a life insurance contract
to fund retirement. These are also sometimes
referred to as Life Insurance Retireme...
Q&A
Asked by an anonymous user
Oh boy, did you just wander into it with that
question! The simple answer is that you can't
buy a longer term plan than 30 years. There is
one carrier that lets you ki...
Q&A
Asked by finq79
Unfortunately, no, you cannot. Additionally, I
would ask why would you want specifically term
insurance? Here's why. At 85, with life
expectancy what it is, if you cou...
Q&A
Asked by Crystal
We would all like it if the cash - plus the
death benefit - went to our heirs. The death
benefit goes to the beneficiary but the cash
does not. It remains with the car...
Q&A
Asked by Meredith L
Answered by Darius Slade
Health Services & Management in Richland, WA
Health Services & Management in Richland, WA
Hi Meredith,
I think you ask a great
question.
When you borrow against the cash
value of your life insurance policy, the
benefits are reduced by that borrowed amo...
Q&A
Asked by bmm123
Answered by Alberto Foster
Insurance Representative in Bethesda, MD
Insurance Representative in Bethesda, MD
No they are not so long as you don't exceed
premiums paid into the policy.
Q&A
Asked by an anonymous user
I agree with Michael, especially the last
paragraph where he says "do not rush into any
decisions' since rushing with large sums of
money is almost always followed by ...
Q&A
Asked by an anonymous user
The short answer is "yes" you do. The owner of
the plan is the person paying for it, and that
person has control over the beneficiary
designation. If he has not change...
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