The Times-Tribune

Unwanted insurance policy could be sold

- BY BRUCE WILLIAMS SEND QUESTIONS to bruce@ brucewilli­ams.com. Questions of general interest will be answered in future columns. Owing to the volume of mail, personal replies cannot be provided.

DEAR BRUCE: I am 61, in good health, with kids grown and working. No major debts. I own a condo. I am paying $185 per month for a life insurance policy through my firm. I want your advice on dropping the policy and simply buying a burial policy on the market. What are your thoughts?

— D.S. DEAR D.S.: You didn’t mention how much insurance you were buying for $185 a month, but if you feel that you don’t need the policy, you might wish to drop it. You also might wish to investigat­e companies that will buy your insurance policy and continue to pay the premiums until you pass away. Because of your relatively young age, you might not be able to get a lot of money for the policy, but it would be better than simply dropping it altogether.

I am curious as to why you bought what appears to be a large insurance policy and now you feel you don’t need it. With that having been said, before you drop it, look into selling it. Something is better than nothing.

DEAR BRUCE: I called a real estate agent to view a property. She said she’d call me back when she scheduled an appointmen­t with the seller. I did not get a prompt callback. When I called the agent again, she told me she was in Las Vegas for a party. For this I lost out on a property I really needed. What action should I take?

— Peter DEAR PETER: I understand that you’re mad because the real estate agent didn’t call you back and because she was attending a party in Vegas, someone else purchased the property you wanted. But if it was such an important purchase, you should have followed up immediatel­y or with a second agent. You can make a complaint to the local licensing authority, but I don’t think there will be anything they can do. Time is of the essence.

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