What happens to the cash value in a whole life policy upon policy cancellation? If you surrender a whole life insurance policy, you’re entitled to the policy’s surrender value. This is your ...

Don't let your life insurance policy become a dead asset. Explore life settlements, a little-known option to turn your unwanted coverage into a substantial cash payout. You may be surprised to ...

After taking ownership, the charity may opt to surrender the policy for its cash value. (Life insurance companies often allow a policy owner to “surrender” their policy — in other words ...

Unlike term life insurance, whole life policies cover you for life and let you build savings in a cash value that you can tap for future needs.

There's also the "surrender charge" that may be levied ... The heavy fees involved with cash-value life insurance can really drag down your returns. Especially when you consider that index mutual ...

Clients can donate both permanent life insurance (including whole life and universal life) and term life insurance to charity, but the donation options differ.

This financial strategy utilizes a high cash value life insurance policy to facilitate ... loans against the policy's death benefit and cash surrender value. If properly managed, these policy ...

Life insurance has been an important part of American society for years, with over $3 trillion in death benefits owned by individuals over the age of 65 alone. But what happens when the original ...

Amy Danise is the managing editor for the insurance section at Forbes Advisor, which encompasses auto, home, renters, life, pet, travel, health and small business insurance. She is a highly ...