Life Insurance Basics

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When do you have to pay taxes on a life insurance payout?Post

When do you have to pay taxes on a life insurance payout?

Life insurance provides a death benefit upon the death of the insured to the policy owner’s chosen beneficiary or beneficiaries. That death benefit is often...

Life insurance provides a death benefit upon the death of th...

Life Insurance: Attending Physician StatementPost

Life Insurance: Attending Physician Statement

When you apply for a life insurance policy, sometimes they require a medical exam before you are approved. Usually, a paramedic does a quick physical...

When you apply for a life insurance policy, sometimes they r...

Are life insurance annuity proceeds taxable?Post

Are life insurance annuity proceeds taxable?

A life insurance policy does have the capability to be turned into anannuity. If the life insurance results in the payment of a death claim,...

A life insurance policy does have the capability to be turne...

Are life insurance companies FDIC insured?Post

Are life insurance companies FDIC insured?

FDIC insurance covers the deposits in checking and savings accounts at FDIC-insured banks. They cover CD’s and the interest earned on CD’s up to a...

FDIC insurance covers the deposits in checking and savings a...

Can a funeral home be a life insurance beneficiary?Post

Can a funeral home be a life insurance beneficiary?

You can breathe easier knowing that final expenses will be paid through your insurance policy, but many people ask if there is a way to...

You can breathe easier knowing that final expenses will be p...

Are life insurance premiums paid by my employer taxable?Post

Are life insurance premiums paid by my employer taxable?

Is employer paid life insurance taxable? While the taxation oflife insurancepremiums may appear complicated, it is not the most complex part of the U.S. tax...

Is employer paid life insurance taxable? While the taxation ...

Are life insurance dividends taxable income?Post

Are life insurance dividends taxable income?

Most people own some form of life insurance. If you own term insurance, basically, you are paying for a death benefit that will expire at...

Most people own some form of life insurance. If you own term...

Are life insurance dividends taxable income?Post

Are life insurance dividends taxable income?

Most people own some form of life insurance. If you own term insurance, basically, you are paying for a death benefit that will expire at...

Most people own some form of life insurance. If you own term...

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Will life insurance cover a military death?

The Servicemembers’ Group Life Insurance, commonly known as SGLI, does cover a military death, but many private life insurance companies do not. When making a...

The Servicemembers’ Group Life Insurance, commonly kno...

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