Archive for the ‘Life Insurance Policies’ Category

Life Insurance Living Benefits

Life Insurance — Reaping the Benefits While You are Living The most obvious purpose of life insurance is protecting the family’s financial security in the event of a policy holders death. Yet many are unaware that with a little planning and proper decision-making, the holders of certain whole life insurance policies can use funds for […]

Expenses Expenses – Where Does Your Money Go?

When life insurance carriers price life insurance policies, there are a number of factors that they need to take into account. The primary issues a life insurance company considers when pricing a policy include the mortality risk of the insured, the amount of insurance being requested and the expenses needed to operate the company. Expenses […]

Taxation of Life Insurance Policy Distributions

As long as a policy owner or beneficiary pays for a life insurance policy personally rather than through a business, and pays with after tax dollars, life insurance has traditionally enjoyed substantial income tax advantages.. Cash value grows on a tax-deferred basis, and death benefits are received income tax-free. If a life insurance policy is […]

Whole Life Insurance – Not Quite 31 Flavors

Whole Life Insurance is the granddaddy of them all, in some ways the simplest to understand of all insurance policies. In its simplest form, you promise to send the carrier a fixed check each year for the rest of your life, and they promise to send your beneficiaries a fixed check when you die. Seems […]

Convertible Term Life Insurance

Many, but not all, term insurance policies are “convertible”. A convertible term policy guarantees the policy owner the right to convert the policy, regardless of the insured’s insurability, into a permanent policy. In simpler terms, an insured who is currently uninsurable because of some recent medical problem can nonetheless convert his convertible term life insurance […]