|
Prince Harry and Others Told to Pay Daily Mail Publisher $13 Million The New York TimesPrince Harry, 6 others must pay initial $13 million over failed invasion of privacy case WFLAPrince Harry and others ordered to pay millions over failed lawsuit ReutersPrince Harry and six others face privacy case legal bill of up to £34.5m BBC
|
|
Plus, Acculink CPA announces free IRS Notice Decoder; AuditDashboard releases Collaborative Scheduling; and other accounting tech news and updates.
|
|
Apple, Slack, Instagram, and other familiar brands began as side hustle businesses before growing into companies worth millions, billions, or more.
|
|
The digitally authenticated report can be used when applying for a job, loan, government benefit or another service requiring tax compliance information.
|
|
Walmart posted weak earnings Thursday, while Target and other major retailers reported strong sales this week, offering a mixed picture of the American consumer.
|
RELATED ARTICLES | | |
|
Your life insurance monthly premium can start looking less and less appealing once you've retired. It's a scenario Dan Simon, a retirement planning adviser with Daniel A. White & Associates in Middletown, Del., has seen quite often, even with his own parents. "The cost of the insurance had risen to the point where it was getting unaffordable. They were wondering do we really need to keep this coverage now that the kids are all grown up?"
If you stop paying your premiums, you lose your life insurance coverage, and your heirs wouldn't get anything back for what you've paid in. If you cancel a policy that has cash value, a reserve of money built up in some types of life insurance, the insurer sends you a check for that amount, though it will be far less than the listed death benefit.
Over the past 20 years, a third option went mainstream: selling your policy to a company, a practice known as a life settlement, with the buyer getting the death benefit when you die.
SEE MORE Don't Fall for That Life Insurance Ad on TV
"It's kind of morbid when you think about it. A group buys boatloads of policies from people that have fallen on hard times and can no longer afford their insurance," profiting from the seller's death, says Simon. "In theory, they want you to die tomorrow. If you live another 20 years, it's a bad investment for them."
Selling a life insurance policy generally isn't a great deal for you either, and there are better alternatives worth exploring. Simon finds that people typically turn to selling a policy when they're desperate. Usually, it's because they've spent down their other retirement assets, or they might be dealing with high medical bills. "It's a measure of last resort, like taking a reverse mortgage. I rarely see them working out well for people, and they could en
|
|
