Featured Posts of Millionaires Giving Money


I Need 5,000 Dollars Right NOW! - Ideas to Make 5,000 Dollars Quickly

I Need 10,000 Dollars Right NOW! - Ideas to Make 10,000 Dollars Quickly

I Need 2,000 Dollars Right NOW! - Ideas to Make 2,000 Dollars Quickly

Welcome to the Millionaires Giving Money Blog. Learn how to Make Money, Save Money and Investment Money. Find out how to ask Millionaires and Billionaires for financial assistance.

Wednesday, 29 January 2014

I Need Money Right Now (12/25) - Sell Your Life Insurance Policy

This is the 12th installment to the ever popular I Need Money Right Now Series where I share real methods to make money quickly. All these methods are legal and if you put your mind to it you will supplement your income. For all the readers who enjoy reading about rich people giving money away you can rest assured that these posts will continue. Be sure to share the contents of this post or the series with people who are experiencing financial hardship, also feel free to leave a comment as it's always nice to hear from readers.

The 12th Installment of the I Need Money Right Now series will explain how to get money from your life insurance policy. If you have a whole of life or universal policy you'll be able to cash this policy in. Many people use these Whole of Life Policies as investment vehicles with protection just in case they need the money urgently.


Before I go on I would like to advise all readers to visit the USA.Gov website if you need urgent financial assistance. You can get financial help from the Government if you're on a low income or support a large family. if you're eligible you could apply for mortgage assistance, rental assistance and even get advice on loan consolidation and debt management.

I Need Money Right Now - Sell Your Life Insurance Policy

A whole of life policy or universal policy is a life insurance policy where you pay a premium forever and money is paid on death. There is no term for a Whole of life policy and this will run until you die. If you have a whole of life policy then this will have monetary value if you decide to cash it in. Many people get term insurance and whole of life insurance mixed up, it is important to remember that term insurance runs for a number of years and has no cash in value while whole of life runs until death and has cash in value.
Credit: Images_of_Money/ FlickR
Depending on how long you've had your policy you could cash in anything between 10% to 70% of the death benefits. If you've been paying the premium for 40 years and are in your twilight years you could cash the policy for 70%, if you've just started paying premiums then the cash in value will be much low.

Also it's worth noting that the cash in value rises if your unhealthy, this is because insurance companies believe that your mortality chances are higher, this is usually worked out by an actuary. The bottom line is if you're unhealthy and have made a significant contribution towards your policy you could get 80%, possibly more.

The first step to take is to check the insurance policy thoroughly to determine what kind of policy it is. If the policy is full of insurance jargon then call the company up to find out.

If the policy is indeed whole of life you need to ask the insurance company for a cash in value. You should also call other insurance companies who purchase whole of life policies to see if they're prepared to payer a higher amount. Explain any health issues you have and state your need for the money, some insurance companies pay slightly more if the life insured is experiencing financial hardship.

The cash in process could take up to 2 weeks depending on your policy and you should check the entire market for the best possible price. You can increase the cash in value by stating health problems. Before you decide make sure you weigh the pros and cons of cashing in. You should also consider if you have enough money set aside for love ones to make provisions after death. Good Luck

If you've enjoyed this post then feel free to share the contents. Also feel free to leave a comment as it's always a joy to hear from readers. 

I Need Money Right Now Resources     

Life Insurance Settlement Association
Get Cash From Your Life Insurance Policy

7 comments :

  1. Greetings..
    Please contact us for your secure and unsecured Loan at an Interest rate of 3%
    ........................................

    Is the difficulty of the economy affecting you this year, is your bank refuses to give you a loan

    for this year? If your answer is yes, then you need a loan. I'm Mr Lee Chang, the owner of a

    lending company We offer safe and secure loans at an interest rate of 3%.


    * Are you financially squeezed?
    * Do you seek funds to pay off credits and debts?
    * Do you seek finance to set up your own business?
    * Are you in need of private or business loans for various purposes?
    * Do you seek loans to carry out large projects?

    If you have any of the above problems, we can be of assistance to you but I want you to understand

    that we give out loans at the interest rate of 3%.

    * Borrow anything up to $95,000,000 USD.
    * Choose between 1 to 20 years to repay.
    * Choose between Monthly and Annual repayments Plan.
    * Flexible Loan Terms.
    Please if you are interested check back with us through this email

    address:leechangloancompany.ch@gmail.com

    We promise a 100% guarantee that you will receive your loan at the end of this loan

    transaction.There is no security check, no credit check

    Regards
    Lee Chang
    LEE CHANG LOAN COMPANY

    ReplyDelete
  2. Hello,

    I live in the US and i really have never seen goodness shown to me this
    much in my life as i am a struggling mum with three kids and i have been going
    through really rough times in my life and my name is Helen
    Peters and in all this hard times, a worse incident occured in my life as i
    lost my job which was my only means of survival and things became really bad as
    i had bills to pay and my last son suffered a knee injury incurred when he fell
    from a tree house and the doctors informed me that he needed a surgical
    operation for his knee so he could walk again and at this point, life was
    useless to me as i have no family and no one to run to and each night, i will
    sit down and cry till the break of dun until one day, i read an advert on yahoo
    answers of man that stated that he could help people in my shoes with loans and
    in my desperate situation, i had no choice but i had to try and so shocking and
    suprising, it was like an impossibility becoming a reality, i got a loan of
    $75,000 USD even with my bad credit within 48 hours and my sons surgery was done
    and thank GOD it was successful and now, i am okay and living in comfort with my
    kids and i said to my self, i have never ever seen this kind of wonder in life
    and i decided i will tell it to the whole wild world and i need every one to
    thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
    even when all hope had been lost and gone and i will say to every one, no matter
    how dark and sinful the world is today, there are still GOD fearing and reliable
    people on earth and if you are in my former situation or require a loan
    legitimately, i will advice you contact this loan lender and you can reach him
    via patrickharvey12@yahoo.com and i want you all to pray for this man for me.

    ReplyDelete
  3. Hello,

    I live in the US and i really have never seen goodness shown to me this
    much in my life as i am a struggling mum with three kids and i have been going
    through really rough times in my life and my name is Helen
    Peters and in all this hard times, a worse incident occured in my life as i
    lost my job which was my only means of survival and things became really bad as
    i had bills to pay and my last son suffered a knee injury incurred when he fell
    from a tree house and the doctors informed me that he needed a surgical
    operation for his knee so he could walk again and at this point, life was
    useless to me as i have no family and no one to run to and each night, i will
    sit down and cry till the break of dun until one day, i read an advert on yahoo
    answers of man that stated that he could help people in my shoes with loans and
    in my desperate situation, i had no choice but i had to try and so shocking and
    suprising, it was like an impossibility becoming a reality, i got a loan of
    $75,000 USD even with my bad credit within 48 hours and my sons surgery was done
    and thank GOD it was successful and now, i am okay and living in comfort with my
    kids and i said to my self, i have never ever seen this kind of wonder in life
    and i decided i will tell it to the whole wild world and i need every one to
    thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
    even when all hope had been lost and gone and i will say to every one, no matter
    how dark and sinful the world is today, there are still GOD fearing and reliable
    people on earth and if you are in my former situation or require a loan
    legitimately, i will advice you contact this loan lender and you can reach him
    via patrickharvey12@yahoo.com and i want you all to pray for this man for me.

    ReplyDelete
  4. Hello,

    I live in the US and i really have never seen goodness shown to me this
    much in my life as i am a struggling mum with three kids and i have been going
    through really rough times in my life and my name is Helen
    Peters and in all this hard times, a worse incident occured in my life as i
    lost my job which was my only means of survival and things became really bad as
    i had bills to pay and my last son suffered a knee injury incurred when he fell
    from a tree house and the doctors informed me that he needed a surgical
    operation for his knee so he could walk again and at this point, life was
    useless to me as i have no family and no one to run to and each night, i will
    sit down and cry till the break of dun until one day, i read an advert on yahoo
    answers of man that stated that he could help people in my shoes with loans and
    in my desperate situation, i had no choice but i had to try and so shocking and
    suprising, it was like an impossibility becoming a reality, i got a loan of
    $75,000 USD even with my bad credit within 48 hours and my sons surgery was done
    and thank GOD it was successful and now, i am okay and living in comfort with my
    kids and i said to my self, i have never ever seen this kind of wonder in life
    and i decided i will tell it to the whole wild world and i need every one to
    thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
    even when all hope had been lost and gone and i will say to every one, no matter
    how dark and sinful the world is today, there are still GOD fearing and reliable
    people on earth and if you are in my former situation or require a loan
    legitimately, i will advice you contact this loan lender and you can reach him
    via patrickharvey12@yahoo.com and i want you all to pray for this man for me.

    ReplyDelete
  5. Hello,

    I live in the US and i really have never seen goodness shown to me this
    much in my life as i am a struggling mum with three kids and i have been going
    through really rough times in my life and my name is Helen
    Peters and in all this hard times, a worse incident occured in my life as i
    lost my job which was my only means of survival and things became really bad as
    i had bills to pay and my last son suffered a knee injury incurred when he fell
    from a tree house and the doctors informed me that he needed a surgical
    operation for his knee so he could walk again and at this point, life was
    useless to me as i have no family and no one to run to and each night, i will
    sit down and cry till the break of dun until one day, i read an advert on yahoo
    answers of man that stated that he could help people in my shoes with loans and
    in my desperate situation, i had no choice but i had to try and so shocking and
    suprising, it was like an impossibility becoming a reality, i got a loan of
    $75,000 USD even with my bad credit within 48 hours and my sons surgery was done
    and thank GOD it was successful and now, i am okay and living in comfort with my
    kids and i said to my self, i have never ever seen this kind of wonder in life
    and i decided i will tell it to the whole wild world and i need every one to
    thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
    even when all hope had been lost and gone and i will say to every one, no matter
    how dark and sinful the world is today, there are still GOD fearing and reliable
    people on earth and if you are in my former situation or require a loan
    legitimately, i will advice you contact this loan lender and you can reach him
    via patrickharvey12@yahoo.com and i want you all to pray for this man for me.

    ReplyDelete
  6. Hello,

    I live in the US and i really have never seen goodness shown to me this
    much in my life as i am a struggling mum with three kids and i have been going
    through really rough times in my life and my name is Helen
    Peters and in all this hard times, a worse incident occured in my life as i
    lost my job which was my only means of survival and things became really bad as
    i had bills to pay and my last son suffered a knee injury incurred when he fell
    from a tree house and the doctors informed me that he needed a surgical
    operation for his knee so he could walk again and at this point, life was
    useless to me as i have no family and no one to run to and each night, i will
    sit down and cry till the break of dun until one day, i read an advert on yahoo
    answers of man that stated that he could help people in my shoes with loans and
    in my desperate situation, i had no choice but i had to try and so shocking and
    suprising, it was like an impossibility becoming a reality, i got a loan of
    $75,000 USD even with my bad credit within 48 hours and my sons surgery was done
    and thank GOD it was successful and now, i am okay and living in comfort with my
    kids and i said to my self, i have never ever seen this kind of wonder in life
    and i decided i will tell it to the whole wild world and i need every one to
    thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
    even when all hope had been lost and gone and i will say to every one, no matter
    how dark and sinful the world is today, there are still GOD fearing and reliable
    people on earth and if you are in my former situation or require a loan
    legitimately, i will advice you contact this loan lender and you can reach him
    via patrickharvey12@yahoo.com and i want you all to pray for this man for me.

    ReplyDelete
  7. Hello,

    I live in the US and i really have never seen goodness shown to me this
    much in my life as i am a struggling mum with three kids and i have been going
    through really rough times in my life and my name is Helen
    Peters and in all this hard times, a worse incident occured in my life as i
    lost my job which was my only means of survival and things became really bad as
    i had bills to pay and my last son suffered a knee injury incurred when he fell
    from a tree house and the doctors informed me that he needed a surgical
    operation for his knee so he could walk again and at this point, life was
    useless to me as i have no family and no one to run to and each night, i will
    sit down and cry till the break of dun until one day, i read an advert on yahoo
    answers of man that stated that he could help people in my shoes with loans and
    in my desperate situation, i had no choice but i had to try and so shocking and
    suprising, it was like an impossibility becoming a reality, i got a loan of
    $75,000 USD even with my bad credit within 48 hours and my sons surgery was done
    and thank GOD it was successful and now, i am okay and living in comfort with my
    kids and i said to my self, i have never ever seen this kind of wonder in life
    and i decided i will tell it to the whole wild world and i need every one to
    thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
    even when all hope had been lost and gone and i will say to every one, no matter
    how dark and sinful the world is today, there are still GOD fearing and reliable
    people on earth and if you are in my former situation or require a loan
    legitimately, i will advice you contact this loan lender and you can reach him
    via patrickharvey12@yahoo.com and i want you all to pray for this man for me.

    ReplyDelete

POPULAR POSTS OF LAST 30 DAYS ON MILLIONAIRES GIVING MONEY

Where Can I Get a Free Car for My Family?

Where Can I Get Help From the Government?