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The Complete Idiot's Guide to Long-Term Care Planning by Marilee Driscoll

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Chapter 7
“Thar’s Gold in That Thar Life Insurance”
In This Chapter
• The living benefits of life insurance
• The ins and outs of surrendering your life insurance
• How to get a death benefit prior to death
 
Have you ever had a yard sale where you brought out all your forgotten treasures, and were amazed at the amount of money you had raised by the end of the day? From white elephants to green cash! How sweet it is when we are surprised that something is worth much more than we thought. There are many people who purchased life insurance to protect their children when their own kids were small, and now they are grandparents.
Maybe they got a policy to buy out the business interest of a partner, if the partner were to pass away. Now that the business ...

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