For 36 years, LifeQuotes.com has been offering the lowest life insurance rates in an online or over the phone quoting process. Our quote engine is one of a kind and will take the information you give us regarding your health, family health history and lifestyle and filter your data to offer you the top plans best-suited to your unique needs. Visit LifeQuotes.com today and see how to secure your family’s financial well-being. Our simple phone…
Read MoreFrequently Asked Questions
Life Insurance Frequently Asked Questions
Can You Buy a Policy for Your Adult Child If They Won’t?
One reader considered buying a policy that would cover her son. Despite having a family of seven, the son refused to buy a policy to ensure their finances. In the event of his death, such financial responsibility would fall to his parents, according to the report. The reader may be able to purchase coverage for her son, the report says.
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 MoreTen Frequently Asked Questions About Life Insurance
When the insured passes away, the insurance company should be notified immediately and they will request a death certificate.
Read MoreIs 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
Read MoreLife Insurance Policies Better Investment Than Gold
Gold is one of those commodities that some investors stockpile because it is a more solid investment during times of economic strife, but cash value life insurance may be a more effective alternative.
Read MoreHow 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.
Read MoreKnow 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.
Read MoreWhen Taxes Will 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…
Read MoreHow Your Age Affects Your Life Insurance Premiums
Age is the single biggest factor that affects your life insurance premiums.
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