Ask the Insurance Expert
Recent Questions
Q
Is the life insurance payout I received taxable?
A
Money received as a beneficiary isn’t considered taxable income.
Q
What must I do to forfeit my share of life insurance proceeds?
A
You must contact the life insurance company to waive your rights to the benefits.
Additional Life Insurance Expert Questions
- QCould a life insurance company refuse to pay if husband died while driving under the influence?
- QCan a beneficiary cash in life insurance policy if the insured person is still alive?
- QHow do I pay for funeral expenses without a life insurance policy?
- QIs it possible to take out a life insurance policy on ex-spouse who owes child support?
- QDoes a life insurance company send you a check and expect nothing in return?
- QMy mother passed away and I think my family is lying about her life insurance. How do I find out if she had a policy?
- QMy dad passed away. We can’t find his policy but some years ago he told me his funeral is paid for.
- QIs it possible for me to take out a life insurance policy on my husband because he won't do it?
- QWould an AD&D claim be denied if the insured died of an accidental overdose of illegal drugs?
- QWhat is "simplified issue" life insurance?
- QCan an ex-spouse collect life insurance money?
- QWhat does it mean when a life insurance company has an 'Api' financial rating?
- QCan a beneficiary take out a loan on a life insurance policy without the policy owner's consent?
- QHow long must I wait to get nonsmoker life insurance rates?
- QI'm 76 years old. Is it too late to buy life insurance?
- QCan I draw cash from my life insurance policy?
- QWhat happens to my life insurance cash value when I die?
- QWhat is optional term life insurance?
- QHow do I locate my father's life insurance policy?
- QShould I cash in life insurance to pay off debt?
- QCan I withdraw cash from term life insurance?
- QCan a 30-year-old daughter challenge a beneficiary change by her father one week before death from cancer?
- QIs it worth paying extra money on a term life policy for the waiver of premium in case of disability?
- QWould an accidental death policy pay for a cocaine overdose?
- QMy grandfather recently passed away. How can I find out if he named me on his life insurance policy?
- QDo life insurance policies pay if a person dies of old age?
- QI own a whole life policy which has a cash value. When I die, will my beneficiary receive both the death benefit and the savings portion (cash value)?
- QI have a whole life insurance policy. Will my beneficiary receive the cash value amount that my policy accrued as well as the death benefit when I die?
- QWhat is guaranteed cash value in a life insurance policy?
- QI recently quit smoking. I think most insurance companies won't consider you a nonsmoker until you've quit for 5 years. Can my policy be adjusted to a non-smoking rate after I'm smoke-free for 5 years?
- QHow can you tell if someone has taken out a secret life insurance policy on you?
- QCan you cash in a life insurance policy that is paid up?
- QCan I change the amount of coverage on my term life insurance policy during the duration of the term?
- QLife Insurance Frequently Asked Questions
- QHow can I find out if my relative had life insurance?
- QHow can I get life insurance if I'm in poor health?
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