Key person life insurance death benefits are tax-free if certain steps are taken prior to issuance of the policy & certain conditions have been met at death. Otherwise, the death benefits in excess of the premiums paid are taxed as ordinary income.
She experienced the pain of losing her father when she was only 11 years old. No insurance. "We didn’t have anything. My mother was devastated." it's an experience she’s made sure her own family would never have to endure.
Save money with the best way to shop for Term Life Insurance. Shop Term Life Insurance online and use a comparative quoting site that does not sell your information over and over again. Otherwise you will be bombarded with phone calls.
Sequence of Returns Matters. Investment returns are variable and unpredictable. The order of returns has an impact on how long a portfolio will last if the portfolio is in the distribution stage and if a fixed amount is being withdrawn from the portfolio. Negative
returns in the first few years of retirement can significantly add to the possibility of portfolio ruin.
Review Life Insurance Beneficiaries & Terms, Regularly. Change your beneficiary as circumstances change. Use contingent beneficiaries and tell your beneficiaries about the policy. When changing beneficiary, use the proper insurance company forms. Policy overrides your will.