Insurance Settlement Basics

A life insurance settlement can be defined in a few different ways, but normally it is simply the sum of money that one’s heirs receive after a policyholder passes away. After you responsibly pay your monthly premiums and/or maintain the cash value amount associated with your life insurance policy, your loved ones are entitled to this so-called death benefit payout, or insurance settlement. Whether these funds are used to pay off your Continue reading “Insurance Settlement Basics”