Understanding Universal Life Insurance Policies

Life is an incredible journey that everyone experiences differently. Throughout your existence, you will encounter many types of people and visit beautiful places. The Earth is a grand playground and understanding the fortune of life should not be taken for granted. Many people believe that death and taxes are the only two certainties in life. Both of these events must occur, but in the event of one’s passing, offspring and loved ones deal with the aftermath. For those planning for the future, universal life insurance policies are taken out to leave something material behind. There are numerous forms of life insurance policies, and universal life insurance policies have specific criteria.

Postponing Premium Payments

With most life insurance policies, premium payments must be made to ensure the validity of the policy. However, universal life insurance policies allow policyholders to remit premium payments if they cannot make them in time. These payments do not necessarily go into forbearance though. Instead, postponed payments are added to the overall value of the policy and attached to a specific interest rate. For those in a financial pinch, this could be a saving grace to keep the plan alive. Depending on the total value of the policy; this strategy may result in escalated premium payments over time.

Receiving Final Payouts

Policyholders must disclose all of the policy terms with family members before passing away. This point needs to be stressed because the amount of money you pay into your life insurance policy is not necessarily what will be paid out. Similarly to accounting inventory systems, policy benefits can be paid based on the most recent payments or the first payments made. Loved ones who are mourning the passing of an individual should also designate an executor for these unfortunate circumstances. Death is the completion of life and possessing a life insurance policy will hopefully ease some of this heavy burden.…

Cryptocurrency and Banking Expert Witnesses

Last year, cryptocurrency was a national craze which took off due to the sudden popularity of Bitcoin and other cryptos. Many people are not aware of how long Bitcoin has been around and only took notice during that market surge. Traditional banks are somewhat apprehensive to the use of digital currency because of how long the current banking industry has existed. Established industries are quick to protect the bottom line, and this is especially true for banks. When cryptocurrency first came on the scene, they received attention from law enforcement. Cryptocurrencies were used on the Darknet to purchase a host of illegal items and services. Now more than ever, a bank expert witness should be consulted when dealing with potential crypto fraud.

Being Locked out of Accounts

There is an ongoing cryptocurrency case going on about the passing of a crypto CEO and consumers not being able to withdraw funds. This founder is the only individual who had access to passwords which would unlock customer accounts and allow them to make withdrawals. While it is not certain, a bank expert witness could help you determine the next steps in this improbable scenario. Cryptocurrencies use blockchains, and for the most part, they are impenetrable by law enforcement.

Being a Victim of Crypto Fraud

Since the cryptocurrency craze of last year, hundreds of new coins have entered the market. Some of these coins have value and a user community which can educate others on the future of a particular coin. There have also been instances of cryptos being created to steal money from others and completely disappearing from the marketplace. Bank expert witnesses may be able to help if you have been a victim of cryptocurrency fraud.

Investing is one of the primary methods of attaining wealth in this country. With this said, you should always consult a professional before venturing into this new financial territory.…