Tag Archives: life insurance
- A&O Resource Management Executives Sentenced To Jail Time
A&O Resource Management Ltd ‘s co-founder and part-owner were sentenced this past week in federal court for their roles in a $100 million life-settlement fraud scheme. Part-owner, Adley Abdulwahab (pictured below), was sentenced to 60 years while co-founder, Christian Allmendinger got a 45 year sentence. Apparently, the two men took place in selling “bonded life [...]
- Do I Have to Use Life Insurance Money to Pay Off Credit Card Debt? – Susan
Do I have to use the life insurance policy money to pay off credit card debt My husband died and left me with $25,000 in credit card He also left me a life insurance policy in the amount of $55,000. I want to file bankruptcy as I don’t make enough working to pay off the [...]
- My Husband is Terminally Ill With Cancer. – Linda
“Dear Steve, My husband is terminally ill with cancer. Prior to becoming ill he owned a small business. He was the sole provider and I cared for the children and home. Due to his illness, the business closed in 2007 and he is on disability since 2009. We lost our home, some other real estate [...]
- Money Saving Strategies for New Parents
You’ve heard the statistics: it’s going to take a zillion dollars to clothe, feed and take care of your child until adulthood. And that doesn’t include college — or the money you’ll spend if they stick around after 18! But you’re plunging into parenthood anyway. Good for you! You don’t have to go completely into [...]
- Marriage and Money: How to Talk to Your New Spouse About Finances
So you’re engaged. Or thinking about it. If you’re really serious about spending the rest of your life with another person, it’s time to get some of the tougher issues out in the open. Somewhere near the top of your list should be MONEY. Conflicts about money issues can stop a relationship before it has [...]
- Will My Family Have to Pay My Debts From My Life Insurance After My Death? – John
John wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- My Husband Died of Cancer and I’m Trying to Settle My Debt. – Dana
Dana wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- Is It Wise to Take Cash Value Out of a Life Insurance Policy to Pay Off Credit Card Debt? – Tess
Tess wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- Do I Need Term Life Insurance or Whole Life Insurance? – Amy
Amy wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- I’ve Been Unemployed And Behind on My Discover Card. They Are Suing Me. – Liz
Liz wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]