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  2. How to cancel a life insurance policy

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

    The buyer then assumes responsibility for paying the premiums and receives the full death benefit upon your passing. Life settlement: A life settlement, on the other hand, is usually considered by ...

  3. Should I Choose a Life or Viatical Settlement? - AOL

    www.aol.com/choose-life-viatical-settlement...

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  4. Does It Make Sense to Sell Your Life Insurance Policy?

    www.aol.com/news/2010-12-24-life-insurance...

    But typically, the seller will get more than the policy's cash-surrender value and less than the net death benefit. "Policy owners can net up to eight times more in a life settlement than if they ...

  5. Life settlement - Wikipedia

    en.wikipedia.org/wiki/Life_settlement

    A life settlement or viatical settlement (from Latin viaticum, something received before death) [1] is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, [2] to a third party investor. [3]

  6. 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.

  7. Long Term Care Benefit Plan - Wikipedia

    en.wikipedia.org/wiki/Long_Term_Care_Benefit_Plan

    The plan converts a death benefit into a living benefit. [2] Life insurance policies can be converted into a Long Term Care Benefit Plan for 30 to 60 percent of the policy amount to be used for long term care. [7] The sale of a life insurance policy can keep people off Medicaid. [8]

  8. How to sell your life insurance policy

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

    In a life settlement, you usually receive more than the policy’s cash surrender value but less than its full death benefit. This is because the buyer takes over the policy, including future ...

  9. Life annuity - Wikipedia

    en.wikipedia.org/wiki/Life_annuity

    The majority of life annuities are insurance products sold or issued by life insurance companies however substantial case law indicates that annuity products are not necessarily insurance products. [1] Annuities can be purchased to provide an income during retirement, or originate from a structured settlement of a personal injury lawsuit. Life ...

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