Chris Abrams, Author at Abrams Insurance Solutions

All Posts By Chris Abrams

I'm a life insurance and financial planning specialist. My goal is to help my clients build wealth and save time and money when shopping for insurance. Learn strategies to build wealth with less risk, taxes and fees. Read our client reviews to learn what it is like to work with us. My team is licensed in all 50 states and represents over 70 insurance companies. If you have been declined for coverage, have a special need or have questions; contact us. We have creative solutions for almost every situation.

Selling Your Life Insurance Policy? Here’s What You Need to Know

If you’ve thought about selling your life insurance policy for cash, you’re certainly not alone. This process, commonly referred to as a life settlement, attracts many policyholders for several reasons, such as financial hardship, shifts in life circumstances, or the realization that they no longer require coverage. However, prior to making this decision, it’s crucial…

Travel Insurance for Foreigners in the USA – International Major Medical

Travel insurance for foreigners in the USA can keep the trip full of excitement and opportunities rather than stress and uncertainty. It is a critical aspect of international travel that is often overlooked. Financial security and access to healthcare in the event of an emergency protect peace of mind and your assets in one of…

The Best International Travel Health Insurance for US Citizens

International travel health insurance can bring enormous peace of mind when traveling to a foreign country. Knowing that you’ll be taken care of in your destination country through international health insurance means that you won’t need to budget for unexpected medical costs like an emergency room visit or handle an emergency evacuation by yourself. In…

Kidnapping Insurance – Ransom, Extortion for Individuals and Business

Kidnapping insurance (also called kidnap and ransom insurance, K&R insurance, or KR&E coverage) protects people from what can be a very expensive (on top of horrifying) ordeal of kidnapping, extortion, detention, and/or hijacking. In most cases, the insurance reimburses the ransom costs rather than paying them upfront. This article will explore the variations of kidnapping…

Life Insurance for Non-US Citizens – Assurity Foreign Resident Program

Life insurance for non-US citizens has been a challenge for decades. However, as corporations struggle to find qualified employees and hire teams through visa programs, insurance companies are starting to respond to the insurance needs for the financial security of these families. This article will review Assurity’s Foreign Resident Program (eligibility criteria, types of insurance…

Assurity Accident Insurance: Cash for Accidental Injuries

Accidents happen. Insuring against them with a plan like Assurity Accident Insurance helps ease unexpected medical expenses, especially for families with active children. This article dives into the details of Assurity’s new accident policy, including coverage options, benefits, and real-life applications. What is Accident Insurance? Accident insurance layers over your health insurance to cover what…

Tax Consequences of Surrendering a Life Insurance Policy

It often surprises people that surrendering their life insurance policy has tax consequences! Don’t worry. This doesn’t happen in every case. This article explains what triggers the possible tax burden, how it’s calculated, the role of cash value accumulation, different types of policies, and how surrender fees and outstanding policy loans impact the taxes you…

How to Cash in Life Insurance While Still Alive

Most people think of life insurance as something that benefits their family, not necessarily themselves. But, there are ways to use your policy during your life, including the ability to cash in your life insurance while still alive if a financial need arises. This guide will cover your options for cashing in your life insurance.…

Life Insurance Cash Surrender Value – How Does It Work?

Life insurance originally started out by providing peace of mind and financial security for surviving spouses or children. One of the less discussed parts is the life insurance cash surrender value. Since not everyone keeps their life insurance for life, this feature can make canceling the policy less painful in that you get some cash…

Knowing When to Stop Term Life Insurance: Strategies for Financial Gain

Knowing when to stop term life insurance coverage is just as financially savvy as knowing when to start it. Most people choose term insurance because they have a specific risk they want to cover. These risks are often reflected in a specific term length, such as a 30-year term for a mortgage. This specific need…