Life Insurance Issues to Be Wary of: Surrender Charges & Leaps of Faith

    by Peter Katt

    This column addresses three life insurance issues.

    The first issue is buying life insurance from buddies whose enthusiasm replaces your good judgment. When this has occurred, there is little motivation to continue the policy as the grind of paying premiums replaces the insurance salespersonsÂ’ charisma.

    When you get around to canceling buddy-bought life insurance, you may realize there were some questions left unasked—to your great detriment—and that gets us into the second issue.

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