Insurance

Q&A
Asked by bgggirl
Answered by Michael Karu, CPA/CFF/CGMA in Livingston, NJ
The short answer is no. However, if you receive interest on the proceeds, the interest is taxable.
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Asked by an anonymous user
Answered by Kirby Thomas, Online Life Insurance CompPRO+ in San Diego, CA
Years ago, life policies were simpler. They paid a death benefit after the insured passed away. Then, competitive carriers responded to consumer desires for more “bell...
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Q&A
Asked by an anonymous user
Answered by Donn Sharer , CFP ChFC CLU in Millstone Township, NJ
The miracles of modern medicine have greatly increased the likelihood that more and more of us will need custodial care, especially in our later years. At its simples...
Q&A
Asked by StuartV
Answered by Alex Bentley, Financial AdviserPRO+ in Pacific Palisades, CA
My answer is simple: avoid complexity in investing. If you don't understand it, don't do it. Most financial products like GICs involve a lot of complexity that is de...
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