September 23, 2021
  • September 23, 2021

Life insurance

Insufficient life insurance coverage, many worry

by on September 17, 2021 0

A majority of consumers are not convinced that their life insurance coverage is sufficient for their beneficiaries, according to a new survey from the National Association of Insurance Commissioners (NAIC). Key points to remember Many consumers are unsure whether their life insurance coverage will be sufficient for their loved ones. Recipients often need more...

Read More

South Carolina lawyer who allegedly botched $ 10million life insurance program surrenders to authorities

by on September 16, 2021 0

Alex Murdaugh, the man accused of attempting to stage his own death earlier this month so that his son would receive a life insurance payment of $ 10 million, surrendered to authorities on Thursday, reported CBS affiliate WSPA-TV. Murdaugh, a prominent South Carolina lawyer, reportedly hired a gunman to kill him, but the expected...

Read More

Here’s when the product is taxable

by on September 15, 2021 0

Generally, beneficiaries of a life insurance policy will not have to pay income tax when they receive a death benefit, but there are some exceptions to this rule. Understanding the full tax implications of a life insurance policy can help beneficiaries make the best decisions about how to handle the proceeds received from a...

Read More

South Carolina attorney Alex Murdaugh enlisted hitman for $ 10 million life insurance policy, attorney says

by on September 15, 2021 0

South Carolina lawyer Alex Murdaugh arranged for another man to kill him earlier this month so his son could get a $ 10 million life insurance policy, announced Tuesday authorities. Murdaugh, 53, survived the September 4 shooting, which occurred months after the unsolved murders of his wife and adult son. Police said Murdaugh told...

Read More

Max Life Insurance shows “India ke Bharose ka number” with Boman Irani, Marketing & Advertising News, ET BrandEquity

by on September 15, 2021 0

Max Life Insurance unveiled its latest “India ke Bharose ka number” advertising campaign highlighting the company’s performance in terms of claims paid over the past five years. The TVC opens with a scene of a typical millennial family, capturing Boman Irani, as a father in the multidimensional trusting role he plays within the family....

Read More

Life insurance as a guarantee | Money

by on September 14, 2021 0

If you’re trying to start a business or borrow money for other purposes, you may be able to take advantage of an unexpected source: your life insurance policy. The way this works is called a collateral assignment. The arrangement “is a lien, in essence, against the proceeds of an insurance policy,” says Michael E....

Read More