Raising Cash under Duress and the Role of Cash Value Life Insurance: An Educational Example

Autor/inn/en	Russell, David T.; Chong, James T.; Phillips, G. Michael
Titel	Raising Cash under Duress and the Role of Cash Value Life Insurance: An Educational Example
Quelle	In: American Journal of Business Education, 11 (2018) 2, S.23-26 (4 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1942-2504
Schlagwörter	Consumer Economics; Insurance; Credit (Finance); Decision Making; Financial Needs; Economic Factors; Money Management; Stress Variables + Suchen Sie Ihr Suchwort? Konsumökonomie; Credit; Kredit; Decision-making; Entscheidungsfindung; Ökonomischer Faktor
Abstract	Consumers face hard choices when they need cash quickly. Hard choices can lead to emotional or economically unsound decisions. Traditional classroom discussions of raising funds to pay for expenses usually focus on generating income, borrowing, or the sale of real and financial assets, if hardship is discussed at all. However, many families have additional "non-traditional" sources of cash. This article examines the use of life insurance surrenders and policy loans as a source of funds for both routine funding needs as well as a source of emergency financing. The article concludes with a review of the economic considerations of life insurance for Insurance and Financial Planning educators and students. (As Provided).
Anmerkungen	Clute Institute. 6901 South Pierce Street Suite 239, Littleton, CO 80128. Tel: 303-904-4750; Fax: 303-978-0413; e-mail: Staff@CluteInstitute.com; Web site: http://www.cluteinstitute.com
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01