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Arnold Said:

Am i liable to pay a family member for life insurance payout of a family member?

We Answered:

I agree with the above. Your grandfather had the rights to the money and he gave it to you. Your Aunt had no claim to it whatsoever regardless of her contributions to the premium.

UNLESS she can prove that it was previously agreed upon that she would have access to the money after the death of your mother.

Karl Said:

Life insurance settlements (polices for sale to a 3rd party provider), What providers deal without brokers?

We Answered:

Hi, your friendly insurance guy here, again.

I really have no answer for you other than to suggest you not get involved in making a career out of life settlements. They're regarded in many ways as unethical and they harm just about everyone. Here's why:

The insured person, after selling the life insurance, may decide to get insured again. The amount available will be reduced because there are guidelines regarding just how much insurance a person can be eligible for.

It hurts beneficiaries. the more life settlements get used, the more likely it becomes that insurance contracts will begin to get classed as a commodity. If that happens it will make life insurance harder to work with and opens it up to all kinds of taxation, so the intended recipients of the proceeds will lose out.

It hurts insurance companies because they'll have to redesign their business models to compensate fo that.

that will drive up insurance costs.

It's a losing proposition and I hope folks will skip making careers of it.

Herman Said:

What advice can you give on rescinding a life insurance policy?

We Answered:

lifeinsurance.awardspace.info - try this one. I have their insurance and, as remember, they can provide such a service.