Reader Question When I die and my life insurance policy pays out to my family…how will that be taxed? Jenny, Canyon Lake, Texas I found this excerpt about your question Note: Under the current federal law, beginning in 2011, estates over $1 million will be subject to the federal estate tax with a maximum tax [...]

Reader Question Should I consider my life insurance policy an investment option like the stock market? Cherry, San Antonio Texas   Hi there Cheryy, I would consider investments in the stock market are not a substitute for life insurance. Many Certified Financial Planner professionals recommend making sure adequate life insurance is in place before starting [...]

Reader Question: How are benefits graded in my life insurance policy? Sal, San Antonio Texas   Hi Sal, Generally life insurance benefits are graded during the early years of the policy for death from natural causes, with the full amount paid if death occurs after the graded period or if the policy-holder dies accidentally at [...]

Do you really NEED life insurance, what does it cover, and how much do you really need? Life insurance is a way to help secure a family’s financial situation if the unthinkable happens. And though it may seem daunting, determining how much of a life insurance benefit is appropriate is relatively easy. Life insurance is [...]