 Can my insurance comp. total my car or do they owe me a settlement? |
| I wrecked my car a 1996 mazda 626 I owe 4000 on my car and have a new transmission that cost 1000 my damages are 1900 and the value of my car is 2100 can i force my ins. comp to fix my car instead of ... |
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 Is this Insurance fraud? |
| The company I work for supplies health insurance they pay for mine. I pay $100.00/week for my wife. I just found out from my insurance co. it was canceled Aug. 31 [lack of payment] The company I work ... |
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 Health insurance problems? |
| Here is my problem... My wife recieved chiropractic care 2 and a half years ago. The doctors had said her insurance covered her in full. Now, they are claiming we owe them over $4900 for the care she ... |
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 Anyone else had to pay a cancellation fee when cancelling a home contents policy? |
| I just cancelled a policy mid term and had to pay £25.00. I HATE all banks and hope more go bust very very soon!!!!!!!!!!!!! Fuckers!!... |
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 Florida homeowners insurance- help needed? |
| I am in the middle of trying to purchase a home all looks like it is going to go threw just fine. I was told to start looking for Home owners insurance, easier said than done as I am finding out...<... |
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 If you have life insurance? |
| Then get put on death row what happens? do they still pay out? just wondering :)... |
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 My Dad died, leaving his government pension for my mom (who died shortly thereafter). Can I get this money? |
| Benefits coordinators initially said that my mother could have no beneficiaries for my Dad's pension that she was to receive; however, she died just weeks after he passed. It seems that there ... |
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 How much must one put into social security in order to be eligible for ssdi? |
| my friend is disabled... seizures and a lung disorder that has affected her brain. she worked part time for many years as a music teacher, but now has trouble with numbers, memory, and reading at an ... |
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 Ha ladies if your house was broken into and the insurance check comes should we share or is it his? |
| and you had houseing insurance and the check came in both u and your husbands name and the only reason he even told u was because your name was on the check and he feels as thow the check was his ... |
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 Accidental Death & life insurance policy ? |
| I work for a non-profit organization and HR just recently enrolled me in a Accidental death & life insurance policy after almost two years of working there. HR stated that they simply forgot to ... |
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 Will my car insurance rate rise if someone on my policy gets in an accident? |
| If I add someone onto my car insurance policy and that person gets in an accident, will my rate climb. If it does can I remove that person from my policy to keep my rate the same.... |
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 What is the surrender value in LIC policy.? |
| I took 20yrs Money-back policy for 1 Lac.After every 5 yrs i get 5000.For my LIC what is the surrender value.?... |
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 How Can I Fight an Unfair Insurance Company? |
| I was hit and injured while I had the right of way on a road by an underinsured driver. We are both insured by the same company. My motorcycle suffered damages assessed by my authorized Honda ... |
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 How much will an insurance company pay for a whiplash injury? |
| I was rear-ended by a tractor-trailer at a low speed (10 mph). There was only about $900 damage to the bumper of my SUV. I went to the emergency room and had x-rays and went to a chiropractor for 8 ... |
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 Does Insurance pay for damage done inside the house from a bad roof? |
| walls are leaking in areas after a bad rain storm we got tonight. Does insurance have to pay for the damage done inside to the walls and floor?... |
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 Life insurance policy? |
| have been married to a man with 3 children from a previous marriage two of his own and one adopted.Three months ago i received a notification from his life insuerer company that although i am my ... |
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Jani | Are Life Insurance benefits taxed? |
I dont know if that's the correct terminology, but when your are the beneficiary of a life insurance policy and the person dies, the money you collect. . . is that something you have to pay federal/state taxes on? |
 |
 
Mark S
 |
What is paid DIRECTLY to the beneficiary- NO it is not taxable. When you take an insurance policy out on yourself, you create an IMMEDIATE estate. So, when you pass, the insurance amount IS added into the value of the estate. If the estate is woth, I be lieve this year it is about 2 million or less, than NO ESTATE taxes are owed. If, on the other hand, the estate is over the 2 million, the ESTATE WILL owe taxes.
Estate taxes, possibly, if the estate value exceeds the terms set for today. If the estate is worth less, than no taxes at all will be owed. BENEFICIARIES pay NO TAXES AT ALL EVER, except maybe state taxes so check with your state. |
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Barry auh2o
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If you are the beneficiary of a life ins policy,there is no tax.
That's the wonderful thing about life ins.
IF the Estate is beneficiary, then, LOL>
The proceeds are subject to the estate tax, and it could take months, if not years, until the heirs to the estate see a cent of it. |
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T
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No. Sorry for your loss. |
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bud68
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No, at least for federal taxes. |
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jwishz
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No. The estate (the deceased person) is responsible for all taxes |
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Bob A
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Federal no ck your state. |
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Danny
 |
It depends on the type of policy. Most of the time you do have to pay taxes on the income. However, there are some policies now that avoid that situation by paying out a death benefit that exceeds the value of the insurance policy allowing, in effect, the taxes to be paid by the policy. Check with your tax accountant. |
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