Tuesday, September 22, 2009

 

More Americans Cashing in on Life Insurance Policies

Many older Americans, who are strapped for cash and as anxious as the rest of us, are selling an unlikely asset: their life insurance policies.

The strategy, as it turns out, isn’t new. Once reserved for wealthy business executives who cashed in their company’s multimillion-dollar insurance policy when they retired, during the recession it’s become more widely used by policyholders.

More Americans Cashing in on Life Insurance Policies
Source: NJ.com

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