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About 40 killed, 115 injured in New Year's bar fire at Swiss ski resort The Washington PostLive updates: About 40 killed in New Year's Day fire at Swiss ski resort, police say CNNA Deadly Blaze in Switzerland The New York TimesAt least 40 dead after fire sweeps through Swiss ski resort bar NBC News
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Swiss Alps Ski Resort Fire: What We Know The New York TimesLive updates: About 40 killed in New Year's Day fire at Swiss ski resort, police say CNN'Horror on the dancefloor' and 'Traitors twist' BBCAbout 40 people dead and 115 injured in fire at Swiss Alpine bar during New Year's celebration AP NewsWitnesses Recount Fire That Killed 40 in Switzerland The New York Times
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Live updates: Communities clean up on New Year's Day after storm moves through SoCal ABC7 Los AngelesRecap: Rose Parade rolls on through the New Year's Day rain NBC Los AngelesSanta Barbara to Ring in New Year with Storm Bringing Flood Risk, High Winds, and Beach Hazards The Santa Barbara IndependentSoCal in for more holiday rain. What to know about the timeline, evacuation warnings Los Angeles Times
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‘It happened in seconds': sudden inferno brings horror to Swiss ski resort The GuardianLive updates: About 40 killed in New Year's Day fire at Swiss ski resort, police say CNNAfter Swiss Alps New Year's Eve bar fire, a look at some of America's worst nightclub and bar fires CBS NewsWitnesses Recount Fire That Killed 40 in Switzerland The New York TimesAbout 40 people de
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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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