One of the most valuable features of life insurance is that the beneficiary receives the death benefit income-tax free.
Taking out a loan against your life insurance policy does not count as taxable income. Learn how a taxable event occurs if ...
Life insurance should be a part of many people's retirement plans. However, it should never be your entire retirement income strategy. There is an array of people pitching crazy tax-planning ...
Employer-sponsored life insurance over $50K is taxed. The IRS considers excess coverage as imputed income. Imputed income appears on your W-2. The taxable portion of employer-provided life insurance ...
Both Roth IRAs and life insurance policies can provide access to tax-free income in retirement. Roth IRAs have income limits, and gains generally can’t be accessed without penalty before age 59½. The ...
Variable life insurance is a permanent life insurance policy with an investment component. Learn more about how it works and ...