Life Insurance

More in Life Insurance

What Is Risk Pooling in Insurance?

In insurance, the term "risk pooling" refers to the spreading of financial risks evenly among a large number of contributors to the program. Insurance is the transference of risks from individuals or corporations who cannot bear a possible unplanned financial ...

Tax Liabilities of Taking Out Money From a Whole Life Policy

Although term life insurance is the most cost-effective choice for many buyers, whole life and other permanent policies retain a useful niche in many financial plans. Over the long term they can build substantial cash values that can be used as a flexible financial asset. There ...

Do You Have to Claim Life Insurance Cash Disbursement on Taxes?

Life insurance should not be considered an investment despite the presence of investment-like cash value accounts in permanent policies. Because the Internal Revenue Service is aware of the potential for abuse and tax-free earnings from these products, restrictions have been ...

Are Life Insurance Contract Dividends Reported As Taxable Income?

Permanent life insurance policies may offer cash value on top of the death benefit. Cash value is money that you can take out and spend while you are alive. Depending on your insurance company, you may also receive dividend payments on your permanent policy. The taxation of ...

Do I Have to Pay Income Tax on Life Insurance Payouts?

Life insurance is designed to provide a safety net for your loved ones when you die, a cushion upon which they can continue to lead normal lives without your income. While that can be a piece of solid financial planning, it can also leave families with a few nagging questions ...

Can My Sister Make Me Share Life Insurance Proceeds if I Am the Beneficiary?

Dealing with the death of a loved one is difficult, but worries about family feuds over insurance proceeds magnify the difficulty. There are some differences in insurance law in the United States because each state has its own laws. In most states you do not have to worry about ...

Life Insurance Pitfalls to Watch Out For

Buying life insurance is no picnic, but if you know the most common pitfalls to watch out for, it can be less of a hassle. Having a basic understanding of how life insurance works and how to select the best coverage and insurance company for your needs can make buying life ...

The Rate of Return on Annuities

Annuities are insurance products that provide you with an eventual income source. You can buy an annuity with a single purchase premium or with a number of periodic payments. Your contract grows on a tax-deferred basis but your returns depend on the type of contract you purchase ...

Are Annuity Accounts Insured?

Annuities provide investors with a range of benefits that include tax-deferred savings, minimum growth guarantees and an eventual income source. Due to the contract guarantees, many investors view annuities as a safe investment option. Annuities are not risk free and can drop in ...

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.