What to Do with an Old Life Insurance Policy
| posted in BlogAs people prepare to retire, it’s not uncommon to find an old life insurance policy in their portfolio. Sometimes the policy has accumulated thousands of dollars or more in cash value. Other times, the death benefit is worth millions of dollars – if it can be kept in force until the insured dies. Fortunately, those who find themselves with old life insurance policies they’ve been paying on for years often have several good choices. The one you choose should depend on your income, the policy, the death benefit, the insured’s health, and your financial goals. Before you cancel a life…
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