Life Insurance
Q&A
Asked by bgggirl
Answered by Michael Karu
CPA/CFF/CGMA in Livingston, NJ
CPA/CFF/CGMA in Livingston, NJ
The short answer is no. However, if you
receive interest on the proceeds, the interest
is taxable.
Q&A
Asked by Tony
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Upvote 14
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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...
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
Q&A
Asked by an anonymous user
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...
Q&A
Asked by John
Answered by Nancy Greenwood
Insurance Agent in Methuen, MA
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 Kathleen
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Upvote 13
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 Katie
Answered by Elizabeth Beagle
Insurance Agent in Burbank, CA
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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