Crooks use clever schemes to defraud millions of people every year. They often combine new technology with old tricks to get people to send money or divulge personal information. They add new twists to old schemes and pressure people to make important decisions on the spot. One thing that never changes: they follow the headlines – and the money. Here are some practical tips to share with you so you can stay a step ahead of scammers.
As a financial consultant, I am often times asked questions about old life insurance policies--whether they should be maintained or surrendered for their cash values. In answering questions, I need to ask questions.
For a term insurance policy where there is no cash value, the only question is whether there is is need or desire to continue premiums knowing that ultimately the policy will lapse at the end of its term period.