Category Archives: Life Insurance

What is an Insurable Interest?

It just seems almost self evident that if you are applying for life insurance there is probably a reason for it (i.e. a close family member, a business partner, etc.), however, it may not be simple.  Whether it be based on common law or statutory law every State has a different definition for insurable interest.… Continue Reading

Choosing a Life Insurance Beneficiary

I think that the beneficiary status on a life insurance policy is an often over looked when handling one’s finances and estate planning, however, for many it is the largest asset they leave behind for their heirs and should be handled with care.  As with everything on this site, I am not providing legal or financial… Continue Reading

Life Insurance May be Taxable

The life insurance industry and to a larger extent new agents therein are quick to proclaim that life insurance death benefits are always 100% tax free… this is just plain wrong.  The sad part, is that those newer agents don’t even know that they are only providing their client’s with half-truths.  There are very real,… Continue Reading