There has been a “clear increase” in families using life insurance policies to fund future inheritance tax bills ahead of ...

With current estate-tax rules set to expire at the end of next year, life insurance could help heirs to some high net worth clients avoid bigger costs and payments to Uncle Sam in the future.

Any life insurance product, from term to universal life to whole life, shares a primary advantage; their death benefit is received by the beneficiary tax free, unless the policy owner breaks one of ...

Barclay Palmer is a creative executive with 10+ years of creating or managing premium programming and brands/businesses across various platforms. Generally, life insurance death benefits that are paid ...

The main point of life insurance is to provide financial support for your loved ones after you pass away. But life insurance offers various tax benefits including ones that you can take advantage of ...

Three-quarters of affluent clients said they haven’t discussed taxes with their financial professional, Rob Petzold, regional vice president with Kansas City Life, told members of an industry ...

Life insurance policy dividends are returns on premiums that a policyholder receives from the insurance company when it has surplus earnings. As a general rule, life insurance policy dividends are not ...

The average funeral cost in 2021 was $7,848 for a wake and burial or $6,971 for cremation. The average cost of settling an estate varies, but a complicated estate could push $5,000 with ease. And none ...

Life insurance is a way to provide financial security for your loved ones in the event of your death. You purchase a policy and make regular payments, and the insurer will pay a tax-free death benefit ...