October 22, 2021
  • October 22, 2021

Life insurance

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...

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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...

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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....

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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....

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Senate passes Theis resolution recognizing September as Life Insurance Awareness Month

by on September 13, 2021 0

LANSING, Mich. – The State Senate recently passed a resolution sponsored by Senator Lana Theis recognizing September as Life Insurance Awareness Month and urged residents to learn more about life insurance and its benefits for families. “Life insurance is often overlooked, but I strongly encourage Michigan residents to consider purchasing a policy to protect...

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COVID life insurance and vaccines

by on September 13, 2021 0

People who choose not to be vaccinated against COVID-19 are much more likely to die from the virus. But that reality won’t – at least for now – hurt their chances of being approved for a life insurance policy, or affect the premiums they pay. This puts life insurance on a different footing from...

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SCC offers reminders of National Life Insurance Awareness Month

by on September 11, 2021 0

Posted on Saturday, September 11, 2021 at 9:38 a.m. Join AFP’s 100,000+ followers on Facebook Buy an AFP subscription Subscribe to AFP podcasts on iTunes and Spotify News, press releases, letters to the editor: [email protected] Advertising requests: [email protected] Many Americans would face financial hardship if an employee died unexpectedly. Life Insurance Awareness Month, celebrated...

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Can you take out life insurance on someone else?

by on September 10, 2021 0

Personal Finance Insider writes about products, strategies, and tips to help you make informed decisions with your money. We may receive a small commission from our partners, such as American Express, but our reports and recommendations are always independent and objective. Life insurance is typically used to cover your own death and to support...

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