Life Insurance

One of the benefits I never had while working a 9-to-5 was a group life insurance policy offered by my employer. That’s mostly due to never really working for large corporation where they are common. However, I remember being disappointed that my former employer didn’t offer such a benefit. These group insurance policies are usually […]

In the tragic event that you become the beneficiary of a life insurance policy, you may ask yourself one big question. “Is this life insurance payout taxable?” It’s natural to want to know what to expect as a beneficiary. In many cases, life insurance payouts are in the five and six-figure range. Knowing whether you […]

We recently went through the trauma of losing my dad. We were fortunate that our finances were solid enough to not have to worry about funeral costs. In fact, my sister wanted to spend even more money. She wished we got a bigger reception room at the funeral home, since far more people showed up […]

Generally speaking, it doesn’t usually make sense to purchase life insurance for your children. While losing a child is devastating for any parent, no family is likely to be reliant on a minor’s income for survival. However, there are some special circumstances where buying life insurance on your child makes sense. At the very least, […]