Q. I have life insurance at work and have other policies, why should I review my life insurance?
A.You should review your insurance coverage every few years. Perhaps your income has increased
or decreased. You may have more responsibilities such as new children, new marriage, a spouse may
not be working any more, larger debt obligations.
The amount of coverage and the type of coverage may need to be changed or modified. You may
be at the tail end of a 10 or 20-year term life insurance policy and the rates are ready to increase substantially.
I’m over 65 and I no longer need or want my life
insurance policy. The policy’s death value is $250,000 or greater, and I would like to
see how much is it worth to me as a senior settlement,