How Much Is My Life Insurance Policy Worth 4.8 (25)

There are a few main factors that go into figuring out how much money your life insurance policy is worth. The type of policy has an impact on how you can access cash. Permanent policies, including universal life, whole life, and variable life, build up cash value over time that the policy owner can borrow from or cash out. If you choose to cash out of your permanent life insurance policy, your beneficiaries will no longer receive the face value of the policy when you die.   Read more

How to Sell Your Life Insurance Policy 4.8 (27)

Ovid Blog - Beach Couple

While purchasing a large life insurance policy in your 30’s was probably a wise move (especially if you were supporting a growing family) that big policy may not be such a great deal after the kids move out. You may no longer need assurances that the death benefit bestowed upon your family by your insurance company will be large enough to securely launch your children into adulthood. Maybe your nest egg isn’t as large or secure as you’d like, and adding a sizeable lump sum would allow you to more easily afford rising health care costs and travel more frequently. Read more