Life 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.
Guide
Learn The Price Of Your Life Insurance Premium Before You Apply
Written by Kirby Thomas, Online Life Insurance CompPRO+ in San Diego, CA
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Upvote 0
Q&A
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...
Guide
How To Get Precise Pricing For Life Insurance
Written by Kirby Thomas, Online Life Insurance CompPRO+ in San Diego, CA
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Upvote 0
News
3 Out Of 4 Millennial Parents Don't Carry Life Insurance
Life Insurance isn't for you – it's for those you leave behind. Without sufficient insurance, your family may endure financial hardships on ...
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Upvote 0
Guide
5 Easy Steps To Calculate How Much Your Loved Ones Will Need After You're Gone
Written by Kirby Thomas, Online Life Insurance CompPRO+ in San Diego, CA
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Upvote 1
Q&A
Asked by Kathleen
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Upvote 13
Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
Gordon is right.
If you have more than one
term policy, it is a good idea to consolidate
term into one policy. There is a "volume
discount" or banding at $250k, $5...
Q&A
Asked by John
Answered by Nancy Greenwood, Insurance Agent in Methuen, MA
A life insurance company can cancel your
policy for non-payment of the premium or for
material misrepresentation. Each life
insurance contract will have a provision a...
Q&A
Asked by Tony
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Upvote 14
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Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
Tony, If you think that you may ever need
life insurance to help provide for our family
then getting started sooner rather than later
will help to create a lower prem...
Q&A
Asked by Katie
Answered by Elizabeth Beagle, Insurance Agent in Burbank, CA
Some agents would state you need 12 to 14
percent of your annual earnings in life
insurance. I believe there are more practical
ways of determining the right amount of...
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