I’m 70 years old and retired with a $2.5M investment portfolio. I no longer need life insurance and am tired of paying the monthly premium for nothing. What are my options?
If you no longer need a whole life insurance policy, you have options including cashing it in or borrowing against its value.
Your life insurance claim may be rejected if you take a new plan without declaring the ones you already have, says SC
Not disclosing existing life insurance policies while purchasing a new policy can be grounds for claim rejection, according ...