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 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?