life insurance

Q. I have a little extra money and I’m wondering if I should switch from term insurance to a permanent policy. How can I decide what I need?

Q. My father has a whole life policy for which he pays $5,000 a year. His cash flow is tight and he doesn’t need the insurance, but he says he wants to give me an inheritance. What should he do?

Q. Can I buy a small life insurance policy on my sibling? He doesn’t have the resources for a proper funeral or burial if the need arises.

Beneficiaries of unclaimed life insurance policies already have received billions of dollars -- and others could be in store for some unexpected cash -- the result of state actions forcing companies to locate heirs and pay them the money they are owed.

Q. I’ve heard that I should get life insurance for my son, who starts college in September. This would be to cover his college loans — he will need many — should something ever happen to him. Does that make sense?

Q. My wife and I have $1.5 million in term life insurance total. That will cover the bills if one of us dies. But I also want to leave an inheritance to our kids. Should we get more insurance?

Q. I’m moving overseas — permanently — and I’m wondering if this will have any impact on my life insurance policies?

Q. Why is whole life insurance recommended over term life insurance for someone covered under their spouse’s benefits?

Q. My 70-year-old mother has been paying about $3,500 a year for a whole life policy. Her husband is dead and her kids don’t need the money when she dies. I’d rather see her use the premiums when she’s alive. How can I get her to cancel the policy?

Q. I have a Prudential variable life insurance policy for $100,000.I am 68 years young. I am not paying any premium and it is taken care from the investment choice I have. The cash value is about $10,000. What are my options with the account?