Depending on your debt to income ratio you might want to cash in the policy's and use $$ for down payment, then buy term insurance and invest the difference of
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Yes it is very similar. It is design to allow the insurance company to use "your" money for their benefit. I suggest you do what they are doing with your money.
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No, if AIG folds your policy should be bought be another life ins. co. This why every insurance company has a federal reserve. If you do have a cash value polic
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The only time the cash value is taxable is if you had earned more in the cash value than paid. Get a cost basis from life ins. company. I'd cash it in and inves
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Timothy,
She might want to contact the states insurance commissioner. If her husband was committing a felony, the insurance company won't pay. You need to see
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I wouldn't take out the variable life insurance, you can do a lot better by buying a level term insurance product and investing in a Roth IRA. This way you cont
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