Among other insurance plans, life insurance is the one you buy hoping it doesn't have an untimely payout. Frank wanted it to pay out anyway — to him, and while he was still alive.
And he found a buyer for his policies. Frank, an auditor at a major railroad, told NPR's Planet Money that he sold both policies, worth a combined $1.5 million, to a company, and that when he dies, the money goes to whoever owns them by then. His wife signed away her rights as beneficiary, and he got $430,000 in exchange for the policies.
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And he found a buyer for his policies. Frank, an auditor at a major railroad, told NPR's Planet Money that he sold both policies, worth a combined $1.5 million, to a company, and that when he dies, the money goes to whoever owns them by then. His wife signed away her rights as beneficiary, and he got $430,000 in exchange for the policies.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#money #insurance #jeff
22 days ago
