Many companies are offering a lump-sum option to employees who have a vested defined-benefit pension. Companies make this kind of offer for their own benefit, of course, but taking the lump sum can be ...

Stranger-owned life insurance involves buying a policy on someone you don't know and is generally illegal. Learn why this ...

Discover how insurance proceeds work, learn their tax implications, and find out what you need to know about claim processes ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a decade, ...