Most people purchase a life insurance policy so their loved ones are taken care of when they die. But what if you wanted to cash in on that policy while you’re still alive, to pay for necessities now?

Meagan is a former Series 7 financial advisor and current writer focused on blending straightforward information with a dose of humor on topics including equity investments, insurance products, and ...

“You’re worth more dead than alive!” the greedy Mr. Potter tells George Bailey in the classic film "It's a Wonderful Life," referring to Bailey’s life insurance policy. That may have been true for the ...