Category Archives: Finance Guide

Oklahoma car insurance laws

There are numerous car insurance laws in Oklahoma designed to protect the drivers of the Sooner State. With over 2.5 million licensed drivers on the roads in Oklahoma, understanding the basic laws is helpful as drivers make financial decisions regarding their vehicles and auto insurance policies. In 2019, Oklahoma recorded 584 fatal crashes, with over 640 deaths as a result, which […]

Captive Insurance Plans For Small Business

The Internal Revenue Service has announced a settlement program for taxpayers who participated in abusive programs. Captive insurance is making headlines. Federal regulators have been investigating these arrangements. They claim that some taxpayers incorrectly claimed tax benefits, without properly setting up a bonafide captive-insurance program. Captive insurance arrangements can provide valuable tax benefits if they are properly established for […]

Do You Pay Taxes On Life Insurance Benefits?

When you die, your life insurance policies will pay out benefits to your loved ones. But are those benefits taxable? The short answer is that most life insurance benefits are taxable, but there are some exclusions. In this blog post, we will explore those exclusions and help you decide if paying taxes on life insurance […]

Do Life Insurance Companies Check Medical Records After Death?

Do Life Insurance Companies Check Medical Records After Death? When you die, your loved ones may need to go through your medical records to make sure you are eligible for life insurance. But what if you don’t have any medical records? What if you never even had a doctor? Do life insurance companies still check […]