When you pass away, will your family be taken care of? A death benefit can help offset funeral costs and replace the income you bring home. Without additional savings available, an untimely death wouldn’t just be tragic–it could also be financially devastating. The Biggest Reason for Life Insurance For this reason, many people …
So far on the Aspen Life Settlements blog, we’ve talked mainly about whole life insurance and term life insurance. While these are definitely the most common policies in use today, there are other options available in the life insurance world, too. If you’re looking to change or sell your whole life policy and switch to …
Paying premiums can be a challenge. They can be among the most expensive bills you pay each year. It can be enough to make you wonder whether it’s worth it to keep your policy active. Aspen Life Settlements provides a way to “check all the boxes” in this scenario–by allowing you to stop paying premiums …
What Happens If I Stop Paying My Life Insurance? Read More »
Lots of people have insurance, but why? What does it do for them? Different kinds of life insurance policies provide different things, but more or less provide the same kind of coverage. In this blog post, we’ll talk about what life insurance covers, and things to consider when deciding what type of life insurance you …
While promising similar benefits, “term” and “whole” life insurance are often considered as two entirely different types of policies. As it turns out, the differences between term and whole life insurance go beyond the duration of coverage. What is whole life insurance and how does it work? That’s a big question! For a deeper …
Life Insurance isn’t exactly a subject that gets covered in school. According to LIMRA’s 2018 Insurance Barometer Study, nearly 60% of all people in the United States were covered by some type of life insurance. For such a common–and important–investment, it’s important to understand a few basics. What is life insurance? What does it …
Life Insurance Basics: What it is, How it Works, and More Read More »
Sometimes you need some extra cash on hand. Fortunately, people with whole life insurance policies have a few more options available to them than they might realize. Depending on their situation, however, taking out a loan against their policy, or waiting until retirement age to supplement their income might not be the solution. In these …
How to Cash in on the Value of Your Life Insurance Read More »
It’s not uncommon for people to feel as though their life insurance policy is no longer a good fit. Even if it is a good fit, it’s also not uncommon for people to find themselves in situations where they could urgently use more cash on hand. Whatever your situation, you’ve found yourself looking into selling …
Is Life Insurance A Scam? Whole life policies can be expensive, and when we write that check every month to our insurer, sometimes the wallet pain of today speaks a little louder than the big promises of the future. While those promises are significant, they do come at a cost. Life Insurance–and particularly whole life …
One of the benefits of holding whole life insurance is being able to contribute to a cash value as you pay your premiums. Slowly but surely, the amount adds up, collects conservative interest, and grows from occasional dividends. So, the money is there, but how do you take out the cash value from life insurance? …
