What to Do with an Old Life Insurance Policy

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As 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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Why You Need to Review, Update Your Business Continuity Plans

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We often urge you to have a risk management plan in place so that you are prepared for the many eventualities that can affect your business. Your risk management plan should be part of a larger business continuity plan for keeping your organization going during periods of disruptions that are both large and small. The plan should be broad to cover prevention and response, and that can only be done with input from representatives of all your firm’s divisions. Companies can spend considerable time putting together a risk management plan that is unique to their workplace and operations. But, after…
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