When someone close to us dies, one of the many things we have to deal with is dealing with their life insurance policy. Often, this means receiving a lump sum payout which can be a lot to handle ...

— -- Money Watch, a personal finance column that runs every Saturday, features a financial planner from the National Association of Personal Financial Advisorsanswering reader questions about ...

Consider the case of John Doe, a well-to-do dentist who was advised to invest in a whole life insurance policy instead of paying down his high-interest student loans, contributing to an ...

Stranger-owned life insurance involves buying a policy on someone you don't know and is generally illegal. Learn why this ...

Every time Jen publishes a story, you’ll get an alert straight to your inbox! Enter your email By clicking “Sign up”, you agree to receive emails from Business ...

Though hardly a new concept, the use of cash value life insurance as a tax-advantaged investment for retirement seems to be enjoying a marketing renaissance these days. This particular application of ...

In an ILIT, the grantor or creator of the trust cannot change the terms or beneficiaries of the trust, just like any irrevocable trust. However, grantors may place one or more life insurance policies ...