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Can a life insurance beneficiary be contested?Post

Can a life insurance beneficiary be contested?

A named beneficiary on a life insurance policy is the person or entity who is to receive the death benefit when the insured dies. The...

A named beneficiary on a life insurance policy is the person...

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Can I increase my life insurance policy?Post

Can I increase my life insurance policy?

Life insurance is a unique concept that stands apart in its strength and by the economic safeguards it creates. An individual can create an instant...

Life insurance is a unique concept that stands apart in its ...

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Can you 1035 exchange an annuity to life insurance?

A 1035 exchange is an IRS regulation allowing a person to exchange an existing annuity for another annuity, a life insurance policy for another life...

A 1035 exchange is an IRS regulation allowing a person to ex...

Can a life insurance policy be used to pay debt?Post

Can a life insurance policy be used to pay debt?

The concept of life insurance is a modern phenomenon in its present form. There are indications of life insurance and similar ideas as far back...

The concept of life insurance is a modern phenomenon in its ...

Can you surrender your life insurance policy?Post

Can you surrender your life insurance policy?

How a Life Insurance Contract Is Constructed Life insurance is a unique financial instrument because it is so flexible, yet does so much. Any individual...

How a Life Insurance Contract Is Constructed Life insurance ...

Is a life insurance policy public record?Post

Is a life insurance policy public record?

For the most part, life insurance policies are not a part of any public records. Life insurance proceeds are paid directly to a named beneficiary...

For the most part, life insurance policies are not a part of...

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Can Medicaid take my life insurance policy?

What is Medicaid? Medicaid is a joint federal-state health insurance program. In most states, it is called Medicaid, but three states have renamed it. California calls...

What is Medicaid? Medicaid is a joint federal-state health ...

Can you have multiple life insurance policies?Post

Can you have multiple life insurance policies?

Is It Legal to Have More Than One Life Insurance Policy? Yes, anyone can have more than one life insurance policy with one or multiple...

Is It Legal to Have More Than One Life Insurance Policy? Yes...

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Can a life insurance company access my medical records?

In 1996, the U.S. federal government passed The Health Insurance Portability and Accountability Act. It is commonly known as HIPAA. However, due to the way...

In 1996, the U.S. federal government passed The Health Insur...

What is a beneficiary in life insurance?Post

What is a beneficiary in life insurance?

Investopedia tells us that A beneficiary is any person who gains an advantage and/or profits from something. But, especially for purposes of life insurance, a...

Investopedia tells us that A beneficiary is any person who g...

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Who can cancel a life insurance policy?

The insured or person who is being covered must cancel their own individual life insurance policy. You can also cancel the life insurance policy of...

The insured or person who is being covered must cancel their...

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Can I sell my life insurance policy?

In many circumstances you can sell a life insurance policy. If you’ve purchased a term life insurance policy that you no longer need or want,...

In many circumstances you can sell a life insurance policy. ...

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Where can I get cash for a life insurance policy?

With the tough financial outlook facing many, people are looking for ways to liquidate assets to provide for immediate needs. After all, if you have...

With the tough financial outlook facing many, people are loo...

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Do companies purchase life insurance policies?

Individuals are not the only ones who purchase life insurance policies. Often, businesses will purchase policies for various reasons. In each case, the company makes...

Individuals are not the only ones who purchase life insuranc...

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