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Life insurance policies accumulate tax-deferred, so their cash value can be borrowed or sold without incurring taxes. However, when cashing out your life insurance policy via full surrender, partial surrender, loan repayment or direct withdrawal, the IRS could consider some of that money investment income. Taxes on Investment Gains Many types of life insurance policies […]

Trikes have quickly become a favorite on the road due to their increased safety, stability compared to bikes, and unique look. Unfortunately, however, due to their additional weight and power they can also be more costly to insure than standard bikes. No matter if it is factory-built or converted from two wheels, when getting insurance […]

Whole life insurance provides a death benefit and cash value that grows at a guaranteed rate, regardless of market fluctuations. Furthermore, whole life policies feature savings components from which you can withdraw funds during your lifetime. Whole life coverage tends to be more costly than term life policies; however, simplified issue and guaranteed issue policies […]

Insurance fraud is an organized criminal enterprise with devastating economic repercussions, costing both companies and consumers billions each year. Committed by everyone from homeowners staging burglaries to doctors overbilling patients for procedures, insurance fraud has reached new depths of deceitfulness in recent years. Insurance fraud can be reported by anyone, from members of the general […]

Homeowners insurance typically reimburses foundation repairs through either actual cash value or replacement cost coverage; however, damage must have been caused by perils covered under your policy in order to receive reimbursement. Cracked walls and doors/windows that don’t close properly as well as sagging floors can all indicate foundation problems in a home, though negligence […]

Mechanical bulls are popular at entertainment venues and parties, but they pose inherent risks that must be managed effectively to minimize injury to guests and ultimately reduce insurance premiums. Business owners must also consider additional costs such as equipment storage and maintenance fees. Comparing policies and taking proactive safety measures may help further decrease insurance […]

Primerica is a multi-level marketing company offering insurance, investments and financial services to middle-income families throughout the US. They enjoy an excellent financial rating from the National Association of Insurance Commissioners as well as scoring relatively highly on J.D. Power’s customer satisfaction survey. However, many customers are dissatisfied with their Primerica life insurance policies and […]

Life insurance provides families with peace of mind when planning for their death. Policy owners make regular payments called premiums that will eventually be distributed as tax-free lump sum payments upon their passing. Acquiring a 100% disability rating can enable veterans to take advantage of a range of additional benefits, such as free VA healthcare, […]

Many couples assume only income-earning partners require life insurance policies. What about stay-at-home parents or those without employment incomes? “They may not bring in much income, but their contributions to their families are invaluable – from cooking gourmet meals to helping students prepare science fair projects.” It’s worth protecting these invaluable members of society.” Term […]

An automobile is considered totaled when its repair costs exceed its actual cash value (ACV). Insurance companies estimate this figure by studying repairs done, checking current listings in the area, and using tools like Kelley Blue Book to arrive at an estimation of ACV. Once the company makes its decision, there can be many calculations […]