Life Insurance

Life Insurance

I Don’t Have Life Insurance This is a statement that a significant portion of Americans can truthfully say. But can they also say, “No one depends on my income now or will depend on my income in the future”? Can they also say, “I will have no outstanding debts”? There are many factors that play…

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Three Reasons Employer Paid Life Insurance is Dangerous

You should have an individually owned life insurance policy. Relying on an employer paid policy can be risky. Here’s why: Never Enough Many employer paid for plans only provide 1-2 times your annual salary as the death benefit. This is never enough to take care of your loved ones. How much do you need? Life…

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Your Group Life Insurance May Be Taxed

According to the IRS life insurance provided by an employer may be taxed. The following information is provided directly from the IRS website:   Group-Term Life Insurance Total Amount of Coverage IRC section 79 provides an exclusion for the first $50,000 of group-term life insurance coverage provided under a policy carried directly or indirectly by…

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