Life Insurance

More in Life Insurance

Why Is Depression Considered a Risk When Purchasing Life Insurance?

When you apply for life insurance, you might think you won't run into any problems if you don't have a chronic disease or a life-threatening illness. But you may be surprised to find out that many insurance companies will consider you a high risk if you have any history of ...

Do Insurance Payouts Have to Be Counted as Income?

If you've received a payout from an insurance policy, figuring out whether or not to count that money as income can be confusing. Several elements must be analyzed to understand if the benefit is tax-free or fully taxable as ordinary income. The type of policy, the deductibility ...

What Is Graded Benefit Whole Life Insurance?

A life insurance policy is a contractual agreement with an insurance company to pay your heirs a sum of money if you die while the policy is active. Insurance companies take great steps to evaluate the liability presented by applicants, and will decline coverage to people who ...

How to Calculate Paid-up Life Insurance Amounts

Life insurance has two basic options: term and whole life. Term policies work like other kinds of insurance. You pay premiums and the company pays out only if you die. Whole life insurance includes a death benefit, but also has an investment value that increases with time. If ...

Are Life Insurance Death Benefits Taxable Income?

In most, but not all cases, life insurance death benefits are not taxable income. Whether you receive a lump sum or periodic payments, as long as the amount does not exceed the death benefit specified in the policy, the proceeds are not taxable income. However, should you ...

Are Benefit Payments on Life Insurance Policies Taxable?

The prospect of providing financial security for your loved ones in the event of your death is the primary draw of life insurance, but it can also be a good investment vehicle. Several types of life insurance coverages are available. Some are bought privately or through ...

Does Mortgage Protection Life Insurance Fit Your Needs?

Mortgage protection life insurance protects your loved ones in case you die while your home mortgage is outstanding. Its purpose is to meet the needs of families when a surviving relative might not have sufficient income to cover the payment on the home but doesn't have another ...

How Are Expenses, Fees, & Charges Assessed in Immediate Annuities?

You can turn your savings into a pension-style income stream by purchasing an immediate income annuity. Issued by life insurance companies, immediate annuities are actually insurance policies rather than investment instruments. Although immediate annuity contracts do not detail ...

Definition of Waiver-of-Premium Benefit

The waiver-of-premium benefit usually applies to life insurance policies. This benefit can help keep your life insurance in force if you are laid up due to injury or illness. If you are disabled, the benefit allows you to stop making payments until you get back to work. The ...

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.