Life insurance policy may lapse as markets fall
Universal life policies bought in the late 1980s face lapse risk as low interest rates and weak stock markets erode cash buildup. The Carfraes donated land to fund a policy via the Greater Cedar Rapids Community Foundation, but policy values declined and they refused further premium payments.
MENTIONED IN THIS ARTICLE
George C. Ford
Gazette
Universal Life Insurance
Universal Life
Steve
Joanne Carfrae
Cedar Rapids
Greater Cedar Rapids Community Foundation
Greater
Understanding universal life policies and term life contrasts
Universal life offers two forms basic and variable with cash value built from bonds or stock funds. Term life has no cash value and remains in force if premiums are paid. review your policy type and yearly statements for performance.
MENTIONED IN THIS ARTICLE
Universal Life
GOP map for budget clash with Democrats in election year
Republicans led by Rep. Paul Ryan plan a budget fight over trillion dollar deficits and Medicare reform as Democrats push to defend spending. Obama released a spending blueprint focusing on tax increases for the rich with smaller domestic cuts, while Ryan pursues a path addressing Medicare costs and potential voucher reform.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
House
Budget Committee
Paul Ryan
R-Wis
House Budget Committee
Barack Obama
Upstate
New York
Ryan
Ron Wyden
D-Ore
Divided portrait emerges of soldier facing Afghan killings
Records and interviews portray Army sergeant Robert Bales as failing to secure a promotion while his Seattle area home was condemned and debts mounted. Neighbors recall a cheerful father of two once seen as a local hero, even as court records show prior assaults and a hit and run.
MENTIONED IN THIS ARTICLE
Associated Press
Lake Tapps
Wash
Robert Bales
Washington State
Bales
Fort Leavenworth
Kan
Cincinnati
Iraq
Afghanistan
Army
Florida
Seattle
Steve Berling
Bobby
Norwood
Ohio
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Ty Martin
the Gort
Gop
Obama
Michael Blevins
the Gazette
Accent
Apavaeeneaaege
Wwe
XL TV
Tnt Eapes
We Weagee
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