Month: January 2018

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Is Life Insurance Taxable? An Important Beneficiary Guide

Quick Note: Is life insurance taxable? This question is one of the most frequently asked questions when it comes to life insurance. The short answer to this very popular question is, no it’s generally not. In most cases the death benefit received from a life insurance policy is tax-free.   Keep reading to learn more about…

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Costco Life Insurance Services 2024 Review

Costco Life Insurance is probably not the first thing that springs to mind when you think about the wholesale club. However, if you’re a member, you can take advantage of Costco life insurance services. Provided by Protective Life Insurance since 2014, it offers term life insurance which can be extended to a permanent life insurance policy…

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Buying Life Insurance For Parents: What Steps (You) Need To Know

Quick Tip As the child of an elderly parent, you may be wondering if it’s possible to purchase a life insurance policy on them? The quick and short answer is yes, you can! It’s not uncommon at all for adult children to purchase, make payments and even own a life insurance policy on mom and…

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Is A Modified Endowment Contract (MEC) Right For Me?

Planning out your life is one of the most seemingly impossible things to do. You can’t control everything that happens, but you can certainly prepare for what could happen. That’s why purchasing a modified endowment contract may be a smart move on your end or a nightmare. A modified endowment contract is a policy for…

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