Recent questions tagged "Life Insurance"
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As an Aunt, can I buy life insurance on my nephew?
As an aunt, you may be interested in buying life insurance for your nephew. However, whether or not you can purchase life insurance on behalf of your nephew depends on a few factors. Firstly, in order to purchase life insurance for another person, you typically need to have an “insurable interest” in that person’s life….
→ Read MoreWhat happens if the policy matures but the holder is still alive.
We have a 25K policy that just reached maturity, the age of the holder is 85. We are being told that we must take the cash value which is only $800 and the policy holder’s beneficiaries are no longer eligible for the 25K when the holder passes away. We have been paying very high premiums…
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