How Much Life Insurance Do I Need?

How 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.

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What Taxes Apply to Life Insurance Premiums

What Taxes Apply to Life Insurance Premiums

The life insurance industry has developed in complexity and diversity over the years. When life insurance policies were originally created, they were insurance vehicles but over time, they’ve also become investment vehicles. Ultimately, all of this leads to a complex tax structure.

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Donating Life Insurance To a Non-profit Organization

Donating Life Insurance To a Non-profit Organization

Donating a life insurance to a non-profit or charitable organization is fairly common. The donation of a life insurance policy to a charity favors both the donor and the recipient. A gift of this magnitude will typically results in an income tax deduction for the donor.

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Steps To Choosing Which Life Insurance Company Is Best For You

Steps To Choosing Which Life Insurance Company Is Best For You

Selecting one life insurance company out of a pool of over 1,600 companies can be an overwhelming task, but with the assistance of some common-sense guidelines this process can become more manageable. The first step should always be to determine your life insurance needs.

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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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Should I Buy Term Life Insurance or Permanent

Should I Buy Term Life Insurance or Permanent

While it’s controversial among the experts, the question of whether to buy term life insurance or permanent life insurance – and invest the difference – is a key factor in building a successful financial strategy. People who purchase life insurance generally associate themselves into one of two “camps” who prefer one type of insurance to the other. The whole life camp consists of the “True Believers,” to whom buying life insurance is the answer to every…

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What Is Underwriting for Life Insurance?

What Is Underwriting for Life Insurance?

Once you have examined various life insurance policies and insurance companies, you are ready to start applying for a policy. At this point, you should have selected a company or companies to which you are going to apply to and a life insurance adviser. Your adviser will help guide you through pre-writing, underwriting and will also help you maintain your policy.

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What Is Private Placement Life Insurance?

What Is Private Placement Life Insurance?

Private Placement Life Insurance Products (PPIP) are non-registered Variable Universal Life (VUL) policies and Variable Annuity (VA) contracts that are offered exclusively to high net worth individuals. They have been referred to as a “hedge fund in a life insurance wrapper.”

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Life Insurance: A Great Career Opportunity

Life Insurance: A Great Career Opportunity

The Bureau of Labor Statistics projects insurance-agent employment growth of 10.4 percent between 2012 and 2022. Life insurance agent employment is on the rise.

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The Best Life Insurance Quote – And How To Recognize It

The Best Life Insurance Quote – And How To Recognize It

Rates Aren’t the Whole Story In Finding the Best Life Insurance Quote – And How To Recognize It When You Do The bottom line when it comes to insurance is not simply the rate. Rates from most insurers are incredibly competitive when all of the factors are included. After all, what good is a low rate if the company that you’re paying a low rate fails to pay you when you file a claim? In…

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