From Yahoo Finance: 2025-04-19 16:01:00

A granddaughter shares her concern over her grandmother’s $10,000 life insurance policy, which has been in effect since 1986 and now costs $170 a month. The granddaughter questions if it’s worth continuing payments, as the payout seems minimal. The insurance agent’s advice to keep the policy raises suspicions of exploitation. Options include waiting another six months for a modest payout or filing a complaint with the National Association of Insurance Commissioners. Concerns of predatory practices, such as churning, highlight the need for clarity and transparency in life insurance policies. Getty Images has been accused of raising premiums on birthdays, leading to frustration from customers. MarketWatch shares a story of an uncle who conned his brother into signing over their mother’s house, leaving the family in turmoil. Additionally, a reader seeks advice on leaving more money to one son over the other in their will. In another dilemma, siblings are trying to hide $170,000 of their mother’s money from Medicaid by adding their names to her bank account, sparking questions on what to do next.



Read more at Yahoo Finance: My grandma, 97, pays $170 a month for a $10,000 life-insurance policy. Should we stop payments?