krw wrote:
On Tue, 21 Apr 2015 12:26:38 -0400, "dadiOH"
wrote:

krw wrote:
On Mon, 20 Apr 2015 12:48:37 -0700 (PDT), DerbyDad03
wrote:

Sometimes life insurance policies can "pay off" twice. Once when
the owner sells it, then again when the insured passes away.

No, once you sell an insurance policy it's no longer in force.

Incorrect.

Not.

Is not.


Worse, the life payout is reduced by the value of the policy.

?? When the insured dies the owner of the policy receives the full
amount of the policy's death benefit.

The *insurance* value is reduced by the "cash value". The beneficiary
only gets the face value.

Of course. Why would you think otherwise?