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  2. How to sell your life insurance policy

    www.aol.com/finance/sell-life-insurance-policy...

    By doing this, you can increase your chances of securing a better price and avoid settling for less than your policy is worth. 4. Round up your paperwork. The selling process involves more than ...

  3. Universal life insurance - Wikipedia

    en.wikipedia.org/wiki/Universal_life_insurance

    Universal life insurance. Universal life insurance (often shortened to UL) is a type of cash value [1] life insurance, sold primarily in the United States. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest. The ...

  4. Fireman's Fund Insurance Company - Wikipedia

    en.wikipedia.org/wiki/Fireman's_Fund_Insurance...

    2001 — All of the company's 109 New York employees located in the south tower of the World Trade Center survived the terrorist attack. 2004 — Fireman's Fund launched the Heritage Program, a recommitment of its founding philanthropic mission to support the fire service. Grants are given to local fire departments to help purchase new ...

  5. Private placement life insurance - Wikipedia

    en.wikipedia.org/wiki/Private_placement_life...

    Private placement life insurance is a form of cash value universal life insurance that is offered privately, rather than through a public offering. [1] It is typically only available to wealthy clients. A 2024 US Senate report alleged that the insurance mechanism in practice functions as a tool for tax avoidance, specifically for inheritance ...

  6. Types of life insurance - AOL

    www.aol.com/finance/types-life-insurance...

    There are more types of permanent insurance than there are term policies. The main types of permanent life insurance are: Whole life insurance. Universal life insurance. Equity Indexed Universal ...

  7. Borrowing against your life insurance policy

    www.aol.com/borrowing-against-life-insurance...

    Yes, you can borrow against your life insurance policy — but only if it has a cash value component. Think of it as giving yourself a loan from the value you’ve built up over time. However, don ...

  8. Variable universal life insurance - Wikipedia

    en.wikipedia.org/wiki/Variable_universal_life...

    Variable universal life is a type of permanent life insurance, because the death benefit will be paid if the insured dies at any time as long as there is sufficient cash value to pay the costs of insurance in the policy. With most if not all VULs, unlike whole life, there is no endowment age (the age at which the cash value equals the death ...

  9. Life insurance - Wikipedia

    en.wikipedia.org/wiki/Life_insurance

    Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical ...

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