A life insurance check book account is where, instead of issuing a check to a beneficiary of a life insurance policy for the full amount of the policy proceeds, the insurance company provides an interest bearing account from which the beneficiary can withdraw some or all of the benefits at any time. Some people may… Continue Reading
Tag Archives: life insurance
Are Life Insurance Companies Secretly Profiting?
Life insurance companies are secretly profiting from death benefits owed to the survivors of the deceased’s insureds. When someone purchases a life insurance policy, he expects that upon his death, the proceeds of the policy will be paid by the insurance company to his beneficiaries in a one-time, lump-sum check. But many insurance companies do not… Continue Reading