• Question
  • what should I do with my whole life insurance policy? How come there is very little about life

    Asked by a 61 year old man from New York, NY on 8/22/2012

    what should I do with my whole life insurance policy? How come there is very little about life insurance on this web-site?

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  • Categories: Retirement Assets and Savings, Life Insurance

Answers

  • Steve 


    NewRetirement

    San Francisco, CA

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  • Hi,

    It depends on your goals:
    - if you want to have it add to your estate for your heirs and you can afford it, then you could keep it in place

    - if you are interested in leveraging life insurance for estate planning purposes you can learn more here: http://www.newretirement.com/Services/Estate_Planning_Advanced_Strategies.aspx or talk to a financial advisor http://www.newretirement.com/financial-advisor-marketplace.aspx

    - if you are interested in selling your life insurance policy, then there is a solution called Life Settlements that you can read about here:
    http://www.newretirement.com/Services/Life-Settlement.aspx

    Hope this is helpful.

  • Login to rate this answer:   Answered on 8/24/2012
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.