News & Insights
Life Insurance
Answers on life insurance: how much coverage a household needs, what term and permanent policies cost, and how underwriting decides the rate you are offered.
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How life insurance underwriting decides your rate class
One carrier draws the line for its best class at blood pressure no greater than 135 over 85. Another draws it somewhere else. That gap is the whole argument for shopping a case.
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Does life insurance go through probate?
A named beneficiary takes the money by contract, outside probate and outside the will. Two Supreme Court decisions show how completely that designation controls.
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Is a life insurance payout taxable?
The IRS says death benefit proceeds are generally not includable in gross income. Three things change that answer, and one of them is decided on the application.
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Term or whole life: what the difference actually costs
LIMRA found that adults under 30 overestimate the price of a $250,000 term policy by ten to twelve times. The two products solve different problems, and the price gap is the reason.
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How much life insurance do you actually need?
LIMRA puts the number of underinsured Americans near 100 million. The figure that closes your own gap comes out of arithmetic, not a rule of thumb.
Talk it through with an agent.
If something here raised a question about your own coverage, an agent will answer it without turning it into an appointment.