If you no longer need a whole life insurance policy, you have options including cashing it in or borrowing against its value.

Life insurance beneficiaries can choose how to receive the policy’s death benefit. Learn about the payout options, claims ...

Beneficiaries do not pay income tax on a life insurance death benefit payout. However, any interest that death benefit earns may be taxable.

Sometimes people hold on to permanent life insurance after their financial needs have changed. Advisors can help them assess ...

Payouts for injuries are a percentage of the death benefit, varying by the type ... It’s not a replacement for regular health insurance or life insurance. But if you’re looking at buying ...

Life insurance inheritance refers to a beneficiary’s receipt of death benefits following the insured person’s passing. The payment can be used to cover funeral costs, pay off debts ...

The following pros and cons should be carefully considered to determine whether life insurance would be a good addition to ...

While retirement brings financial freedom, it also raises an important question: Should your life insurance coverage continue ...

SmartAsset examined the most recent available life insurance data by state, examining average payouts, the number of policies ...

Unlike term and whole life insurance, universal life insurance has premiums and a cash value component that fluctuate and death benefits that aren't guaranteed. There are several different kinds ...

If you’re like Mark, Susan or Tom, your retirement and legacy goals will shape the strategy for your wealth. There’s no ...

Colonial Penn offers term, whole and final expense life insurance with simple underwriting for a limited death benefit. These policies are good if you don't need a large payout — maybe just enough to ...