Life insurance is a great estate planning tool. It gives your beneficiaries money, generally tax-free, and often very quickly after death. If the beneficiary is listed properly, it will almost always bypass the estate entirely, which keeps it safe from creditors and...
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Life insurance
Young, no kids, no assets: why do I need a will?
Historically, I have generally been of the view that you start needing a will when you have assets or dependants. So here is the question: what, exactly, constitutes having assets? Most of us think of assets as being a house, a car, maybe some investments. However,...
Death insurance
I read this article recently and found myself both fascinated and horrified. Basically, AIG is selling securities backed by life insurance policies on elderly people. The concept isn’t new – I first heard about this almost 20 years ago when several investment...