If you are the beneficiary of a life insurance policy, the payout — known as a death benefit — is typically tax-free. There are some exceptions, however. Here's what you need to know about ...

Find out how Americans in their 20s can benefit from a well-thought-out life insurance policy, especially if they are able to build cash value.

If you became ill or an injury left you unable to work, how would you cover your expenses? Life insurance with living ...

The irrevocable life insurance trust (ILIT) cannot be rescinded, amended, or modified after its creation. Here are three ...

Cash value life insurance is permanent life insurance with a cash accumulation component. As long as premiums are paid, these ...

There are many different types of insurance you can buy to protect your loved ones. Two of the most common coverages are ...

Another benefit: An ILIT can help you can avoid tax on both spouses’ estates. Life insurance proceeds can be held in a trust for the benefit of the surviving spouse during his/her lifetime.

The imputed cost of coverage in excess of $50,000 is considered taxable income. The imputed cost, if any, will be shown and taxed on your paycheck. This is a Term Life Insurance benefit and holds no ...

Term life insurance offers short- and long-term ... The death benefit on your policy is generally tax-free. This lump sum benefit can help you plan for any number of financial obligations.