Tuesday, February 19, 2008

 

Cashing Out Life Insurance May Be Unwise

With home equity tapped and investment yields down, some income-hungry retirees may be tempted to siphon cash from permanent life insurance policies.

The industry does not track the number of customers taking cash out of policies, but interest has increased in recent months, said Marvin Feldman, an agent and chief executive of the Life and Health Insurance Foundation for Education in Arlington, Va.

Cashing Out Life Insurance May Be Unwise
Source: Hartford Courant

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