Life Insurance Payouts Are Not Treated as Taxable Income
Estate tax is imposed on the transfer of the “taxable estate” of a deceased person, which can also include payment of life insurance benefits to beneficiaries.
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This is a list of our most popular life insurance articles.
Why Are Nicotine Users Charged Higher Life Insurance Premiums?
Over the course of many years, smokers will be at a higher risk for diseases like emphysema. However, there are other side effects of smoking to consider – such as higher life insurance premiums.
Read MoreHow Is Life Insurance Sold?
You can buy life insurance either as an “individual” or as part of a “group” plan. Individual Policy When you buy an individual policy, you choose the company, the plan, and the benefits and features that are right for you and your family. You might be able to buy the policy from the same agent or company representative who sells you property and liability insurance for your home, auto or business. And although you won’t…
Read MoreHow Should I Choose a Life Insurance Agent?
When you’re considering buying life insurance, it’s important to choose an agent or broker who can help you. Buying life insurance can be complicated or confusing. The key to buying the right amount and the right type of policy at a good rate is a good agent or broker. You should choose one who: Understands your financial situation, including your attitudes about risk, your income and estate tax “brackets,” and your other financial assets and…
Read More8 smart steps for buying life insurance
How to find coverage that meets your needs and budget Life insurance can form a vital part of your family’s financial stability and well-being but, if you’re like most people, you may find the thought of shopping for the right type of coverage a little daunting. Fortunately, these eight simple steps can guide you along the way. 1. Determine whether you actually need life insurance Most people do, but not everyone. If no one depends…
Read MoreThe Dangers of Texting and Driving
The Department of Transportation proposed making an interim ban on texting while operating commercial vehicles and buses a permanent federal rule.
Read MoreIs Life Insurance an Option for Those with Diabetes?
Overweight does not mean that you will develop diabetes or even eating too much sugar will cause it alone.
Read MoreHow Much Life Insurance Do I Need?
Every adviser, financial columnist, and relative has his or her own, perfect method for determining the right amount of life insurance. The three most commonly used methods are multiple of income, cover your debts, and human life value concept.
Read MoreIndoor Tanning Beds May Increase Risk of Developing Skin Cancer
The FDA is currently discussing a proposed order, regarding the labeling and reclassification of indoor tanning beds. If finalized, a new label warning minors not to use the device will be required and sunlamp products will be classified as a moderate risk factor.
Read MoreHow DUI Increases Life Insurance Rates
During the underwriting process, insurance companies will examine a series of factors to determine an applicant’s premium, including driving history.
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