My Investopedia Posts

Is it wise to borrow against the payout of a life insurance policy to pay for a bucket list wish for my mother, who is in declining health?

The decisive factor here is not impacting the beneficiaries of the policy. That should be the priority if you’re considering reducing the face amount through a loan. If they would… Read More

“Compare term life insurance rates at no cost from top rated companies in seconds.”
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Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How can I estimate the cash value of a Variable Life Insurance Policy that I purchased in 1985 and have paid up?

There’s no reason to estimate the cash value. Simply call the carrier and ask them what is the current value. I assume that you didn’t buy a product that has… Read More

“Compare term life insurance rates at no cost from top rated companies in seconds.”
https://www.insurenowdirect.com/stevenkobrin/Default.aspx

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Should I seek out legal services to attain the full amount of my father’s whole life policy, if the claims department determines I’m not eligible before the two-year policy standard?

I’m sorry for your loss. I also lost my father, a few years ago, and his demise started with a broken hip too. I don’t see any reason for this… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

What are the best investments that include an insurance component, for example life or medical insurance?

There are many annuities in the marketplace that provide a death benefit. This actually can be a value-added feature if you want your heirs to be “made whole” from your… Read More

“Compare term life insurance rates at no cost from top rated companies in seconds.”
https://www.insurenowdirect.com/stevenkobrin/Default.aspx

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

What is a better vehicle for saving for my child’s education costs: a whole life insurance policy or a 529 plan?

I will answer this question from the point of view of somebody who sells life insurance. You can compare my notes to somebody who sells the 529 plans, and see… Read More

Compare Term Life Insurance Rates At No Cost From Top-Rated Companies In Seconds.”
https://www.insurenowdirect.com/stevenkobrin/Default.aspx

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How much taxes do I have to pay from a full surrender of $7,342 from a life insurance policy?

If the money is really a surrender of cash value, then you would be taxed on an amount above the cost basis. You can ask the insurance company for the… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Can my ex-spouse cash in a life insurance policy that she owns before our children, the beneficiaries, are legally adults?

The owner has control of the policy. That means that coverage can be terminated if she wants to. This raises a few questions: When you say “cash in,” do you… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

I have two whole life insurance policies; my payments are low and a portion of the premiums are paid by returns. Should I continue making payments on the plans until I die, or should I cash out at 59.5 years old?

There’s a lot going on here. Let me try to break it down according to the various concerns you might have: Need for the benefit Sure, you have enough invested;… Read More

Compare Term Life Insurance Rates At No Cost From Top-Rated Companies In Seconds.”
https://www.insurenowdirect.com/stevenkobrin/Default.aspx

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

What’s the best thing to do with excess wealth at age 30?

Here’s an idea for you: use a First World problem to solve a Third World problem.  Talk to a good estate planning attorney and set up a charitable giving program… Read More

“Compare term life insurance rates at no cost from top rated companies in seconds.”
https://www.insurenowdirect.com/stevenkobrin/Default.aspx

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Using Life Insurance to Help Cover Your Business

Here are the answers to some questions commonly asked when using life insurance to cover the costs of your business when you pass away. Read More

“Compare term life insurance rates at no cost from top rated companies in seconds.”
https://www.insurenowdirect.com/stevenkobrin/Default.aspx

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

What can I do with life insurance benefits left to a minor child?

That’s a tough situation. I appreciate your desire to give your mother a proper burial, and the hardship of not having the money to pay for it. I don’t think… Read More


Compare your free life insurance quotes from top-rated companies online now!

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How do I obtain my late grandmother’s life insurance policy?

I see no reason to assume the insurance company is trying to get away with something. Some policies are designed with a level death benefit. For example, if it is… Read More


Compare your free life insurance quotes from top-rated companies online now!

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

What is some advice you would give to those considering entering the Financial Advisory business?

I have been selling life insurance for over 26 years, and grew up in my father’s general agency. If you choose to enter the financial services industry in a sales… Read More


Compare your free life insurance quotes from top-rated companies online now!

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Is purchasing whole life insurance a good investment for me?

Here is how I look at your situation: You’re young, and I assume relatively healthy. Life insurance will never be cheaper. When you take on the responsibilities of marriage, family,… Read More

“Compare term life insurance rates at no cost from top rated companies in seconds.”
https://www.insurenowdirect.com/stevenkobrin/Default.aspx

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Your High-Risk Life Insurance Questions Answered

Here are some answers to questions about obtaining life insurance if you are considered high risk. Read More

“Compare term life insurance rates at no cost from top rated companies in seconds.”
https://www.insurenowdirect.com/stevenkobrin/Default.aspx

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How should an 18 year old get started on their financial future?

You’re looking towards the future, goal-oriented, committed, sensible, disciplined, and smart enough to ask for advice from professionals. That is a good combination of qualities for entrepreneurship. Think about putting… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How old should you be to get life insurance?

Here’s an answer that will surprise you, but which is nonetheless true: you should be an infant when you get life insurance (obviously, your parents will pay for it :)… Read More

“Compare term life insurance rates at no cost from top rated companies in seconds.”
https://www.insurenowdirect.com/stevenkobrin/Default.aspx

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

How should I invest my late husbands life insurance policy?

Obviously, you have to sit down with a planner and plot out your needs and resources. Then you’ll know where you stand, and if you really have anything to worry… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

What character traits should I strengthen to become a successful financial advisor?

I have been working since I was age 15 –  some 45 years ago – and have been self-employed for the vast majority of that time. Perseverance is the name… Read More

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.

Answers to High-Risk Life Insurance Questions

Do you have questions about obtaining life insurance if you are considered higher risk? Read More

Compare Term Life Insurance Rates At No Cost From Top-Rated Companies In Seconds.”
https://www.insurenowdirect.com/stevenkobrin/Default.aspx

 

Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.