Can I get a life insurance policy on my parents?Post

Can I get a life insurance policy on my parents?

People buy life insurance policies for various reasons. Perhaps the most common, and the one that most people think about when they think about life insurance, is that young parents often take out lif...

Can a wife buy life insurance on her husband?Post

Can a wife buy life insurance on her husband?

This question often comes up right after the death of a loved one. Sudden or otherwise, an influential person’s passing can impact not just an immediate family, but an extended family as well. A...

Are dividends on life insurance policies taxable?Post

Are dividends on life insurance policies taxable?

If you plan on pursuing a life insurance policy that pays dividends, here are a few things that you need regarding paying taxes on the dividends and the types of policies available to you. Learn more ...

Can an ex-spouse collect on my life insurance?Post

Can an ex-spouse collect on my life insurance?

When couples go through a divorce, there are a lot of details that have to be addressed, so sometimes there are items that are completely forgotten. Changing the beneficiary on a life insurance policy...

Can you sell your life insurance policy?Post

Can you sell your life insurance policy?

Many people buy life insurance when they are young so that their families will be protected if they die prematurely. When they get older, they may not need the coverage anymore, but they don’t want ...

Are life insurance premiums tax deductible?Post

Are life insurance premiums tax deductible?

If you pay premiums for personal life insurance, this amount cannot be deducted on your personal income taxes. However, if you are a business owner and provide group-term life coverage to your employe...

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How does a life insurance company make money?

It’s only natural to wonder how a life insurance provider that offers its clients hundreds of thousands of dollars in coverage could profit by charging their clients $20 or less each month. At f...

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How do life insurance policies build cash value?

Life insurance is typically purchased with the intention of providing your loved ones with a death benefit that can help them pay off debt and maintain their lifestyle once you’re gone. While th...

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How do I get affordable life insurance quotes?

Life insurance is a financial product that most young adults don’t think about. Unfortunately, the average consumer will focus more on applying for credit cards or lines of credit than financial...

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What is a life insurance dividend?

There are life insurance companies that are owned by policyholders and then there are companies that are owned by stockholders. If you’re in the process of shopping for life insurance, it’...

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Does a life insurance company check medical records?

Life insurance is a popular form of financial protection that more than 85% of Americans believe they need. While a majority of Americans understand how important of a financial tool life insurance is...

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What are mortality charges in life insurance?

Have you ever wondered just how life insurance premiums are calculated? As a consumer who’s in search for the most affordable premiums, it might appear as though very little thought is put into ...

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How long do life insurance policies take to pay out?

Forward-thinking and responsible individuals buy life insurance to provide financial protection to their loved ones. While it can take some time to pick the right policy type and the right amount of c...

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Can medicaid take my life insurance money?

When someone has access to limited financial resources or is deemed to be ‘medically needy’, they may qualify for a medical financial assistance program called Medicaid. While the eligibil...