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How do you report life insurance income on your federal tax return?

admin — Mon, 01 Feb 2010 10:31:55 +0000

How do you report life insurance income on your federal tax return? My dad passed away recently and we got a check for $10,000 from his life insurance. The check was for my wife and I, but we are not legally married. How do we report that? No related posts. Related posts brought to you [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

Can you direct a beneficiary to spend life insurance proceeds a specific way?

admin — Mon, 01 Feb 2010 10:31:47 +0000

Can you direct a beneficiary to spend life insurance proceeds a specific way? In the event that someone dies, can their life insurance proceeds be directed a specific way if they leave a note of such wish? If not, what must be done to direct the proceeds of a life insurance settlement so that specific [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

How do you start out in the life insurance industry in NY?

admin — Mon, 01 Feb 2010 10:31:31 +0000

How do you start out in the life insurance industry in NY? I recently took the exam and am currently a licensed life, accident and health agent/broker in NY state. I plan to eventually have my own life insurance business however I just don't know where to begin….. I graduated college a few years back [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

What is the best life insurance that will pay in case of a suicide?

admin — Mon, 01 Feb 2010 10:31:24 +0000

What is the best life insurance that will pay in case of a suicide?

I need to know what the best life insurance I can get that will pay out in case of a suicide. I know that there probably isn't many. But I need as much info as I can get. I need my family taken care of and as for now they won't be. Please help. Any info will be greatly appreatiated. The life insurance I have now will not pay for suicide for another year and a half. Thank you so much. Netty

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Does life insurance have to be used to pay the deceased debts?

admin — Mon, 01 Feb 2010 10:31:12 +0000

Does life insurance have to be used to pay the deceased debts? If I am the beneficiary of life insurance payment after someone dies, do I have to by law use that money to pay off the deceased debts? Or is this something that the bill collectors cannot touch at least legally? How would the [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

What is the different between pension saving and life insurance?

admin — Mon, 01 Feb 2010 10:31:01 +0000

What is the different between pension saving and life insurance? i plan to buy for my personal insurance but i have no idea which one i should go for. Is that everyone of us need to have saving insurance to make life be protected? My friend suggested me to go for the pension plan , [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

What kind of life insurance policy should I buy?

admin — Mon, 01 Feb 2010 10:30:54 +0000

What kind of life insurance policy should I buy? I want to get a life insurance policy for my husband but I don't know anything about insurance. I want something that I won't really have to pay much for right now, but that will give me a lot of money when he dies. What is [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

can life insurance be replaced with getting paid more?

admin — Mon, 01 Feb 2010 10:30:04 +0000

Can life insurance be replaced with getting paid more? i dont have a job, but im looking at jobs and many of them include life insurance listed in the benefits. i am 21 years old. i dont need life insurance. i have no kids and never will. No related posts. Related posts brought to you [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.

Life Insurance Settlement and Hedgefund Companies?

admin — Mon, 01 Feb 2010 10:29:57 +0000

Life Insurance Settlement and Hedgefund Companies?

I have a life insurance policy of $2,500,000.00 coverage for a male who is now 87 years old. The premium is about $230,000 per year. He has a life expectancy of 35 months left. The policy is owned by Jefferson Pilot/Lincoln National. The man just got cancer soon after we bought the policy and he is now in remission. I am looking to sell the benefits of the policy because I can no longer make the premium payments. Where or who can I sell such a policy to?

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What is the purpose of building cash value inside of a life insurance policy?

admin — Mon, 01 Feb 2010 10:29:43 +0000

What is the purpose of building cash value inside of a life insurance policy? Who is this type of policy ideal for? I am almost thrity and considering many options at this point, but I don't want to consider any options solely based on my representatives opinion. What is the purpose of building a cash [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.