Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...

Life insurance policies are primarily purchased to ensure long-term financial security and safeguard one’s family against unforeseen events. According to experts, these policies are designed to ...

1. Transfer the policy ownership and beneficiary interest to your favorite charity, which is generally possible with permanent life insurance. After taking ownership, the charity may opt to surrender ...

Surrendering an LIC policy to invest in mutual funds should be based on multiple factors like insurance needs against potential returns, surrender cost, tax implications and long-term financial goals.

We price equity-linked life insurance with surrender guarantees and account for risk preferences in the form of risk-averse and loss-averse policyholders in continuous time. Risk-averse policyholders ...

In another case, the Tax Court held that settlement proceeds ($500,000) received by the taxpayer (a former corporate executive) with respect to a life insurance policy represented an extinguishment of ...

Life insurance is an essential financial tool that provides protection and financial security to your loved ones in case of your death. By purchasing this type of policy, you're ensuring that your ...