Life Insurance and the Age of 100
Posted By admin on December 16, 2011
When a person has reached the age of 100, there are a few options that they will have regarding their life insurance policy. First of all, they can cash in the policy, since all the money from that policy will now be theirs. That money can be used for things like helping out family members, for example.
When that insured person has reached the age of 100, they can also pass on the policy to their loved ones, without actually cashing out the policy. If the money is not needed for family or for personal reasons, the policy can be cashed out and donated to a charity or other organization that accepts donations for the work that they do.