Is group term life insurance taxable?
Group term life insurance can be a great employee benefit offered as part of a comprehensive compensation package. If you are currently employed by a company that offers both competitive salaries and ...
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How hard is the life and health insurance exam?
Preparing for a life and health insurance exam is not quite like cramming for a college final. While you cannot exactly study for the test that is administered by a paramedic service hired by the insu...
What is split dollar life insurance?
When you work for an organization, it’s important to look into the employee benefits and incentives that are offered to you. While there’s a long list of different benefits that can be off...
What is a contingent beneficiary for life insurance?
Part of the process of buying life insurance is to structure it. You know that you need a specific type of insurance to suit your long-term needs, and you know that you need a sufficient death benefit...
Can creditors take life insurance after death?
Individuals, both single and married, buy life insurance with the intention of helping their family or their loved ones if and when tragedy strikes. While not the only purpose, but the primary purpose...
What happens to life insurance when you change jobs?
Decades ago, the average person would hold between 3 and 4 jobs in their lifetime. Now, with modern advances, job-hopping is the new trend for millennials in the work force. According to the Bureau of...
Is key man life insurance tax deductible?
Owning a business comes with its expenses. Not only do you need to worry about buying insurance to protect your business property and the premises where you operate, you also have to worry about buyin...
Are life insurance loans taxable?
There are several advantages associated with buying a permanent cash value life insurance. While you are most definitely going to pay higher premiums for a seemingly lower death benefit compared to a ...
What is a life insurance underwriter?
Life insurance underwriters ultimately determine who can receive life insurance and who can’t, all while looking out for the best interest of the company. Even though they operate behind the sce...
What is a life insurance rider?
When you build the perfect life insurance policy, you may need to select special policy riders that extend coverage or provide you with additional benefits. The standard policy will provide you with a...
Can a funeral home be a life insurance beneficiary?
Did you know that the typical funeral costs between $8000 and $10,000 in the United States? While families avoid discussions on death and funeral arrangements at all costs, it’s something that n...
Is life insurance taxable income?
You may know that life insurance is a tool that provides your loved ones with a sum of money upon your death, but do you know if that sum of money will be considered taxable to the Internal Revenue Se...
Is it best to get life insurance through work?
Life insurance is one of the few products that can offer you the peace of mind in knowing that your family will be financially taken care of when you are gone. If you are planning for the future, one ...
How can I get life insurance with living benefits?
Life insurance may offer a death benefit that will be paid to beneficiaries in the event of your death, but some policies offer living benefits as well. If a consumer purchases the right plan, they ca...
Do I need to get a life insurance physical?
When applying for life insurance with a traditional insurer offering standard rates, chances are the company will require a life insurance physical or medical examination. The entire purpose of the ph...
What is net cash value of life insurance?
A permanent life insurance policy, which may also be referred to in the industry as a cash value policy, is much more complex than the stand term insurance plan. Instead of offering a fixed death bene...
Which is better? Life Insurance vs Annuity
Life insurance and annuities are both useful financial tools for planning for the future. It is important to have a basic understanding of each before determining which will work out best for your spe...
What are some alternatives to life insurance?
Not everyone qualifies for standard life insurance policies or wants to set aside the time to apply for a term or permanent life insurance plan. If you have a pre-existing medical condition, your age ...
Life Insurance Medical Exam Tips Uncovered
When someone applies for a standard life insurance policy, they must pass a medical exam proving that they are in good health, and therefore, a “good” risk. While there are other types of...
Where can I find life insurance for diabetics?
Having diabetes is no walk in the park. Anything dealing with it may seem to creep into every area of your life. Life insurance is one product that is probably on your radar. You never know how fast o...
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