Life insurance policies can be surprisingly complicated, especially when they’re used as investment vehicles. Never take ownership of the policy until you understand the financial implications.

An untold number of life insurance policies worth millions of dollars go unclaimed every year because loved ones either fail to file a claim or the policy itself is lost or forgotten. When a family ...

Many people brush off life insurance as something people buy out of fear or obligation; an unnecessary monthly expense for a ...

Whether you can get money back when canceling a life insurance policy depends on the type of policy and when you cancel it. Permanent life insurance policies might provide a cash payout upon ...

I recently lost my mom a few months ago. She was in her 90s when she passed. My dad is still alive and a few years younger. He had a retirement plan with a well-known company. About 10 years ago, both ...

Nathan Reiff has been writing expert articles and news about financial topics such as investing and trading, cryptocurrency, ETFs, and alternative investments on Investopedia since 2016. Vikki ...

Laurie Sepulveda is a MarketWatch Guides team senior writer who specializes in writing about insurance, investing, personal loans, home equity loans, mortgages and banking. She lives in North Carolina ...

A CPA explains the pros and cons of life insurance options available to retirees.

Borrowing is only available on permanent life insurance policies, such as whole or universal life, not on term policies. Borrowing from your life insurance policy requires no credit checks or ...

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