Life Insurance Basics

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Do I have to pay taxes on Life Insurance?

Life insurance provides financial security to your spouse or children in the event of your death. The insured pays monthly premiums, and if the insured...

Life insurance provides financial security to your spouse or...

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Will Life Insurance pay for a Funeral?

Funeral expenses can be shockingly expensive. Many people who are caught unaware by a sudden or unexpected death find their savings account depleted by caskets,...

Funeral expenses can be shockingly expensive. Many people wh...

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What is a life insurance settlement?

Life insurance settlements, also called “life settlements,” are transactions whereby an older person sells his or her life insurance policy for a portion of the...

Life insurance settlements, also called “life settlements,...

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How do life insurance companies confirm death?

Have you ever wondered exactly how a life insurance company knows that a person has actually died before paying out a claim? What would happen...

Have you ever wondered exactly how a life insurance company ...

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Can the IRS Seize Life Insurance Benefits?

When a person dies and a life insurance benefit is paid, a question that often arises is, “Can a creditor, such as the IRS, seize...

When a person dies and a life insurance benefit is paid, a q...

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What happens if a life insurance beneficiary dies?

When a person dies who is the insured subject of a life insurance policy, the family members who are beneficiaries have the responsibility to contact...

When a person dies who is the insured subject of a life insu...

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Are life insurance premiums tax deductible?

Life insurance premiums are the payments you make on a life insurance policy to continue the policy in force, in anticipation of a death benefit...

Life insurance premiums are the payments you make on a life ...

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What is a Life Insurance Trust?

One of the primary and simplest questions most people have about their life insurance policies is how much of the money they have paid premiums...

One of the primary and simplest questions most people have a...

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Who owns a life insurance policy when someone dies?

Life insurance is the very best way to provide an “instant estate” for your family if you die unexpectedly. Term policies are relatively inexpensive, and...

Life insurance is the very best way to provide an “instant...

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