Is Life Insurance Worth It?

Is Life Insurance Worth It?

Protecting what matters most was the focus of a recent survey done by financial services firm Edward Jones and nonprofit consumer-education organization Life Happens in December 2018. Not surprisingly, the survey found that 81 percent of Americans believe their family is their most valuable asset, but less than half (41 percent) are protecting their family with an individual life insurance policy. One third of the over 2,000 Americans surveyed (32 percent) indicated that life insurance is either a low priority or no priority item when starting a family

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How Are Taxes Impacted By An Insurance Company Monetary Settlement

How Are Taxes Impacted By An Insurance Company Monetary Settlement

There are certain tax consequences that come from getting a monetary settlement, which need to be addressed when preparing your annual income tax return. Policyholders eligible for compensation are usually given several options – depending on their life insurance company. The tax ramifications will also depend on the method you choose.

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Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb

Know This Before Disputing A Life Insurance Beneficiary – It’s An Uphill Climb

You hired a divorce attorney, split your possessions amicably, remarried, and lived happily ever after for 30 years. Everything’s been taken care of, right? Wrong.

Did you remember to change the beneficiary on your life insurance policy? If not, there’s a good chance your life insurance proceeds might go to your previous spouse, leaving your current partner with nothing more than a pile of bills.

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What Taxes Apply To a Life Insurance Death Benefit?

What Taxes Apply To a Life Insurance Death Benefit?

The common misconception is that life insurance is not subject to taxation, which is half-true and half-false. Life insurance is almost always not subject to income taxation; however, under current tax law (2003), it is still subject to estate taxation. As a general rule, life insurance death proceeds are excusable from the beneficiary’s gross income (IRC Sec. 101(a)(1)). Death proceeds from single-premium, term life insurance, periodic-premiums, or flexible premium life insurance policies are received income…

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How Your Age Affects Your Life Insurance Premiums

How Your Age Affects Your Life Insurance Premiums

Age is the single biggest factor that affects your life insurance premiums.

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Report: Consumers Stuck With Outmoded Life Insurance Information

Report: Consumers Stuck With Outmoded Life Insurance Information

Many are basing the purchase of life insurance on old assumptions. Some, as they age, feel it is a waste of money, thinking they have enough assets and they are healthy. But life happens all the time and unfortunately, we better be prepared for it. Inevitably, true stories bubble to the surface and there are many of them to share.

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4 Things Only Wealthy People Know About Insurance

4 Things Only Wealthy People Know About Insurance

Businesses are finding out it’s now a sucker bet to underestimate how long someone will live these days, and it can prove expensive to governments and pension funds, but it also provides individuals with an opportunity. “In a multi-stage life, the idea of hitting a cliff-edge retirement at 65 and then living off an annuity is outdated,” Alistair Byrne of State Street Global Advisors told The Economist. “It’s not at all obvious that the traditional pension industry,…

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LifeQuotes.com Getting You the Best Life Insurance Rates Since 1984

LifeQuotes.com Getting You the Best Life Insurance Rates Since 1984

We offer the safest, fastest and simplest app to get you the correct policy – at the exactly correct price. No paying for the cost of goofy television ad campaigns or hipster jargon. We also bring you a huge library of utterly free and unbiased insurance information articles to help you make your choice. Related Insurance Links Life Insurance Quotes from 50 Top Companies Long-Term Disability Insurance Health Insurance Pet Insurance Renters Insurance Free Online…

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How Life Insurance Secures a Father’s Legacy

How Life Insurance Secures a Father’s Legacy

By Emily Miller Father’s Day is a celebration honoring fathers and father figures alike who have had a positive influence in our lives. It’s a day that should be spent not just showering our dads with gifts, but thanking them for all of their hard work and dedication. We should all spend less time worrying about the gift and more time with him. In the long run, it is not about the gifts you give…

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Who Benefits the Most From Life Insurance?

Who Benefits the Most From Life Insurance?

The decision of whether or not to purchase a life insurance policy should be weighed as heavily as other long-term financial investments, because the decision will affect those you leave behind.

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