Life Insurance can be tricky. Are you finding yourself running into challenges on what policy is best suited for you or where to even begin? Steve Brandel, Director of the Life Division at Heffernan Insurance Brokers, is here to answer frequently asked questions that every life insurance ...
Surely not the short-term. It’s all about the long-term sustainability of your company and the legacy you’ll leave behind. So, have you considered life insurance for your business? Ask yourself what would happen if you, your business partner, or a key employee becomes disabled or passes ...
Despite conventional wisdom, many older adults could actually benefit from having a life insurance policy.
Whole life insurance has a cash value account that earns interest that you can then access. Getty Images Life insurance can provide financial protection for your loved ones in the event of your death and, possibly, for yourself while you're still alive. There are several types of life ...
The death benefit from a life insurance policy is not considered taxable income by the IRS. However, any interest that is earned by the payout is taxable. Therefore, if you choose a retained asset account or other interest-earning vehicle as your payout option, you may find yourself with ...
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Life insurance takes care of your dependents If you are the sole breadwinner in your family, then you know that raising kids isn’t a piece of cake. Ask yourself this; would your family still maintain the same lifestyle if your income flow was disrupted by your demise or long-term illness...
Who needs life insurance? Life insuranceis an indispensable financial tool that allows individuals to provide a safety net for their loved ones in the unthinkable event of sudden death or a terminal diagnosis. Although there is no reason others should not consider it, the following are individ...
life insurance policyfor yourself. You could need life insurance in retirement to cover final expenses, pay off your final debts and estate taxes, fund a charitable contribution, or leave an inheritance. If you've already got these goals covered, then you likely no longer need life insurance....
Life insurance can be a helpful financial tool to possess, but buying a policy doesn’t make sense for everyone. You may not need life insurance if you're single and have nodependents, havebeneficiariesfor your major assets, and possess enough money to cover your debts as well as your fina...