How to Set up and Play the Game of LifeThe Game of Life allows you to live out an entire life on a game board: getting a job, starting a family, and (if you’re lucky) retiring as a millionaire. The most recent edition is easy to set up, can be played by 2-4 players, and … Read more
Unclaimed Money from Deceased Relatives – What You Need to KnowWhen a relative dies, it’s possible that they may leave unclaimed money behind. Here’s how to find out if you have an unclaimed inheritance out there.Do you ever daydream about inheriting surprise money from a long-lost relative? Receiving an inheritance would be a welcomed financial … Read more
Cashing in Your Life Insurance PolicyIn tough economic times, people are sometimes left scrambling for cash to meet everyday expenses and lifestyle demands. Sure, you can cash in your life insurance policy to access needed funds—but should you?There are certainly drawbacks to using life insurance to meet immediate cash needs, significantly if you’re compromising your … Read more
Can I Withdraw Money From My Life Insurance?Life insurance can be a key component of long-term financial planning. Just like homeowners insurance or auto insurance, you buy life insurance and pay premiums for the coverage. If you, the policyholder, die while the policy is in effect, the listed beneficiaries—such as relatives or charities—will receive a … Read more
How To Use Life Insurance As an Investment — Not Just a Last ResortThere is, without a doubt, no type of insurance we like to think about less than life insurance. It’s a financial product that, by its nature, is geared toward answering questions of when and how you’ll die, possibly even prematurely—and, subsequently, how … Read more
How to Make Money with Life InsuranceThere are a lot of different ways to make money with life insurance. This guide will discuss a few of the most popular methods. One way to make money with life insurance is to sell it as an investment. Another way is to use it as a retirement vehicle. … Read more
Life insurance Policy – Tax-ability & Tax BenefitsPurchasing life insurance is a must, especially if your spouse and children are dependent on your income to survive. Even if your spouse is earning, it would be a good idea to cover your life – though this cannot make up for the emotional loss, but at least, … Read more
How to Cash Out a Life Insurance Policy: Can You Do It Before Death?When you take out a life insurance policy, you are essentially making a bet that you will die sooner rather than later. If that happens, the life insurance company pays out a death benefit to your beneficiaries. What if you don’t want … Read more
What is Whole Life insurance?Whole Life Insurance, sometimes called permanent insurance, or ordinary life, is designed to stay in force throughout one’s lifetime. As long as the policy owner meets his or her obligations under the policy, the policy remains in force, regardless of any changes in health that may occur.Premiums for most whole life … Read more
How to buy life insuranceLife insurance can help protect the well-being of your loved ones by providing tax-free benefits to named beneficiaries should an unexpected death ever occur.Deciding whether to buy life insurance, and what amount, is often dependent on each individual person’s financial goals and needs. ALSO READ : How to the how to … Read more