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How long do life insurance policies take to pay out?
Here's what you need to know… A life insurance payout is made when a death claim is filed Payouts are made to named beneficiaries or the named insured’s estate depending on how the policy was last structured When a claim for a death benefi …
→ Read MoreCan medicaid take my life insurance money?
Here's what you need to know… When a life insurance claim is made, the proceeds from the policy will be paid to the named beneficiary on the policy Medicaid is a state health insurance program that’s regulated by the Federal Government Unl …
→ Read MoreIs gerber life insurance worth it?
Here's what you need to know… Gerber life insurance is a whole life insurance policy that’s marketed to parents and grandparents Whole life, which is a permanent life insurance plan, has a pure life insurance value and also accrues cash va …
→ Read MoreIn life insurance, what is an endowment plan?
Here's what you need to know… Endowment Life Insurance Plans are simply a version of a regular whole life insurance policy, that matures sooner than a life insurance contract. Most life insurance contracts, mature at age 95 or 100. Endowment Pla …
→ Read MoreWhat does MEC mean in life insurance?
Here's what you need to know… Modified Endowment Contracts have gotten a bad rap, however there are good reasons to own them. The Technical and Miscellaneous Revenue Act of 1988 (TAMRA) makes Modified Endowment Contracts less favorable tax wise …
→ Read MoreWhere can I find affordable life insurance if I am over 60?
Here's what you need to know… The older you get, the more expensive life insurance is to obtain. Life insurance is available for people of just about all ages. Life insurance can help your family pay for expensive funeral costs. Life insurance c …
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