Q&A
Asked by james
Answered by Stephen Hartel
MBA, AIF in Denver, CO
MBA, AIF in Denver, CO
Your ability to buy term life insurance
depends on your age and your health. The price
for new term coverage increases dramatically
as you age into your 60s and 70s. M...
Q&A
Asked by larahackney
If your husband's life insurance is a term
plan (not Return of Premium), then the simple
answer is no, there is no cash back.
Also, if
it is a permanent plan with cas...
Q&A
Asked by tope2121
Hello there. First, the whole life policy can
be viewed as both a death benefit and also as
an "investment" since it accrues cash value.
Look at the death benefit part...
Q&A
Asked by an anonymous user
Answered by Lenny Robbins
Insurance Agent in Redmond, WA
Insurance Agent in Redmond, WA
There is no best answer for this question
without knowing your objective.
Unfortunately, most people concentrate on
"how" to get there, without know where they
want t...
Q&A
Asked by an anonymous user
Yes, Joseph, you can make your minor child the
beneficiary. However, it is in some ways, not
the best thing to do. First, think of the
future that you are setting up w...
Q&A
Asked by don meyer
Life Settlements are considered an alternative
to bonds and are less liquid. They have no
correlation to interest rates like bonds and
generate higher than average re...
Q&A
Asked by an anonymous user
There are several reasons why a life insurance
carrier asks that question. One is that life
insurance is considered to be income
replacement, and they want to know how...
Q&A
Asked by waltcallahan2015
Answered by Michael Zaino
President & CEO, TZG Financial in Charlotte, NC
President & CEO, TZG Financial in Charlotte, NC
Hi Walt! If your mother doesn't already have
life insurance, it may be cost prohibitive at
her age. But to truly answer the question of
need, simply ask yourself if an...
Q&A
Asked by Michael
Answered by Michael Zaino
President & CEO, TZG Financial in Charlotte, NC
President & CEO, TZG Financial in Charlotte, NC
Michael, what kind of policy is it? How old
are you now? Are you in excellent health?
These are questions that must be answered
first in order to adequately provide ad...
Q&A
Asked by an anonymous user
Answered by Michael Karu
CPA/CFF/CGMA in Livingston, NJ
CPA/CFF/CGMA in Livingston, NJ
Interest and dividends earned on life
insurance policies are not includable for tax
purposes unless paid to a beneficiary and even
then, the insurance carrier would se...
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