Big Secret: What the Insurance Industry Doesn't Want You to Know

There are over 150 million life insurance policies with $12.3 trillion of in-force death benefit owned in the United States. But one of the secrets of the insurance industry is that nine out of ten life insurance policies are in danger of being abandoned before paying out a death benefit.


Kim Natovitz, CLU, CLTC

Helping You Grow, Access & Protect Your Wealth In The Most Tax-Advantaged Methods Available

5 年

Chris , great article . My client who took advantage of the ability to sell his policy for a life benefit account has been able to afford additional home care which has been very meaningful as his Parkinson’s disease continues to erode his function .

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Mike Harrington

No Hassle, Easy To Implement, Guaranteed Issue Life & Disability Insurance programs for C-Level Executives and employees at white collar companies.

5 年

This is a well written, informative article that is must reading for anyone involved in life insurance planning, estate planning, or even someone that has an elderly parent they may be assisting with financial matters.? It is important to understand your options when it comes to what to do with an existing life insurance policy.?

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