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    Recently, the banking industry has faced a series of liquidity crises that have raised concerns about the financial sector’s stability. Many experts now wonder whether life insurance companies could be next in line for a similar crisis in 2023. Liquidity is a critical component of any financial institution’s operations. Companies can struggle to
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Long-Term Care Insurance Long-term care insurance covers the cost of long-term care services such as nursing homes, assisted living facilities, and home health care. As people age, the need for long-term care increases, making planning for such expenses essential. For individuals in their 50s and 60s, long-term care insurance can be an important consideration for
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What Is A Life Settlement?   A life settlement is a transaction in which the owner of a life insurance policy sells the policy for its cash value to a third party.   The policyholder receives a lump sum payment that is generally greater than the cash surrender value offered by the insurance company, but
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Insurance policy was illegal wager on stranger’s life, appeals court holds (Reuters) — Sun Life Assurance of Canada does not have to pay a $5 million death benefit on a life insurance policy because it was an illegal “wager on the life of a stranger,” a federal appeals court held. The 7th U.S. Circuit Court of Appeals affirmed
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