Well, the short answer is because they no longer need or want it.  But, there is more to it than that. Policies can be sold through a life insurance settlement. What is a life insurance settlement, you ask? Simply put, it is the sale of a life insurance policy to a third party (usually an…

It’s the middle of the night. The authorities just notified you that you have 20 minutes to evacuate your home before a raging wildfire cuts off the exit from your neighborhood, leaving you trapped. The fire is advancing at the rate of a football field every second, so the actions you take in the next…

Want to know a proven way to live a more fulfilling life? All you have to do is fully accept the fact that one day you’re going to die. “I am of the nature to die. There is no way to escape death.” -Upajjhatthana Sutta The unavoidable nature of death is a basic tenet found…

For many entrepreneurs, being a “workaholic” is the default status. Though such drive and dedication can be positive in short bursts, in the long run it leads to stagnation, burnout, and worse. Just as experts advise us to step away from what we are working on for short breaks throughout the day to maximize creativity,…

As a parent, our role is to love our children while teaching them skills that will benefit them throughout their lifetime.  Inclusive of this role is teaching our children personal finance. For many people, learning how to manage their personal finances often occurs through trial and error, serving as a substitute for a formal education. …

Last week, we shared the first part of this series explaining the powers and duties that come with serving as trustee. Here in part two, we discuss the rest of a trustee’s core responsibilities. Being asked to serve as a trustee can be a huge honor—but it is also a major responsibility. Indeed, the job…

From vendor agreements to purchase agreements, from leases to independent contractor agreements, contracts are a part of everyday business life. It is important to make sure your contracts are valid, enforceable, and protecting you like they should. Have you ever wondered which types of contracts must be in writing to make sure you get the…

These days, second and even third marriages are fairly commonplace. But the estate planning issues that arise from multiple marriages can be highly complex and confusing. Merging two families into one presents unique legal and financial challenges that can cause significant conflict and distress unless effective estate planning has been put into place early on….