Life Insurance

Endowment policies were the early form of tax-deferred retirement plans and college savings. The policy provided insurance in the amount of money the client wished to accumulate by a specific...

Taxes on Life Insurance: Every year, or so it seems, the Congress of the United States tries to devise ways of taxing life insurance--including the death benefit. In an instance of good government...

A life insurance policy pays a benefit depending on the type of policy that was purchased and the benefit that is provided. The purpose of a life insurance policy is to provide financial stability...

Life insurance is one method of providing for families and businesses if the individual dies prematurely. It is used for paying off loans, providing income for loved ones, a college education for...

Life insurance trusts are set up so that an individual will be given the proceeds from a life insurance policy in the event of the insured's death. The money is processed through, and handled by,...

If you've considered getting life insurance, once you start some basic research you will find that there are a variety of options but perhaps only one or two plans will actually meet your needs....

Most people think of life insurance as a necessary evil, but with careful planning, life insurance contracts can create useful tax shelters. Whole and universal life insurance have three...

Whole life insurance policy dividends can be used in a number of ways, but be sure you know the tax consequences of each by consulting with a qualified tax adviser before you act.

The death benefit of a life insurance policy may have brought you a significant amount of income-tax-free cash, but you'll fritter it away unless you manage it properly.

Single-premium life insurance provides an income-tax-free death benefit to your beneficiary, charity, or favorite cause, and is easier to qualify for - medically speaking - than other types of...