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Dow futures jump rise 300 points on tentative hope U.S.-Iran deal is close: Live updates CNBCStock Market Today: Dow Up 300 Points On U.S.-Iran Deal Hopes; Oil Prices Tumble (Live Coverage) Investor's Business DailyWall Street Set for Gains as Iran Peace Hopes Hold: Markets Wrap Bloomberg.comWall St futures rise on Iran peace hopes despite fresh U.S. strikes Investing.com
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Doctor evacuated from Congo is ‘helpless' watching colleagues die of Ebola The Washington PostAmerican Doctor With Ebola Says He Is ‘Optimistic' for Recovery The New York TimesEbola Disease Outbreak in the Democratic Republic of the Congo and Uganda | HAN Centers for Disease Control and Prevention | CDC (.gov)Trump 'Concerned' About Ebola Outbreak After American Tests Positive for Virus and Deaths Rise Time Magazine
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Optimism for a resolution to the conflict and the reopening of the Strait of Hormuz was checked after the United States said it had carried out strikes on missile launch sites in Iran.
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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
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