 What do I do about insurance? |
| I quit my job at Pizza Hut and lost my insurance. My new job doesn't offer insurance to me at the moment. Is there someone I can sign up with until it comes time for my new job to take ... |
|
 HELP PLEASE, I need this an anwser A.S.A.P!!!!!? |
| my car insurance expired last sunday, but i did not renew my policy because my car was in an accident (not my fault) and it was in the shop for repairs plus i wasn't happy with my insurance ... |
|
| My father lives in california, I live in texas is it possible for him to take out an auto insurance policy in ? |
| texas and add me as an additional driver? the car will be registered in texas and my drivers license is texan, although his drivers license is californian ...is this possible even though he has his ... |
|
 My insurance company overpaid me one weeks disability check. Do I have to return the money? |
| I was off work for three weeks. The insurance company sent the check 2 days after I returned to work. They actually want me to send them more money back than they paid me. Why do I have to send the ... |
|
 10 points for best answer.? |
Are there specific reasons why an insurance company would deny
you coverage for your home. If so, why?... |
|
 Should i get earthquake coverage on my condo insurance? |
| I live in St. charles missouri. I just moved here 2 years ago, and we only have tornados , i dont think this is an area for earthquakes. I just signed up for condo insurance with statefarm, and i ... |
|
 Must my Life Policy beneficiary have an insurable interest? |
I am confused, some people say yes some no. I understand it this way, correct me if I am wrong:
If I buy a policy on my own life, I become the owner of the policy. As the owner, I can name ... |
|
 Insurance, the govenment is bailing out those uninsured! So why bother having it.? |
It is a joke, that we the tax payer have to bail out those who cant be bothered. Pathetic.
Pensioners etc. is fair enough, they have family who should help them first, if not then they ... |
|
 If a person opens a daycare, can they get health insurance, if so how much would it cost? |
| I've heard of Aflac small business, and i was just curious if they had others, and what would be the best to get, that's if you could get health insurance like that.... |
|
 Health insurance- dependent coverage, prenatal covered? |
| I was just wondering if prenatal is ever covered for a dependent "child" with health insurance? Does it depend on the company?... |
|
 Pre-existing condition? |
I have been in turmoil with the temporary insurance company I purchased a policy from a year ago.
Last January, I had a pain in my side for about a week that wouldn't go away so I ... |
|
 Car insurance? |
| Is insurance cheaper on older cars?... |
|
 Wife wants life insurance for husband that refuses physical and he's 75 years old |
| I am writing this on behalf of my mother. My parents are still married (she is in her early 50's) and my dad is 75. She already has 90K universal life on her husband through metlife, and was ... |
|
 How do I live to see another day? |
| I need 50g for my surgery by 2moro, but I can't afford it. I'm 57 and I had to sell all of my assets and pretty much everthing i own I also had to take out most of my money in the bank. My 6... |
|
 Long term care insurance - John Hancock or Genworth? |
| Which is a better company to go with, any thoughts? Long term care insurance is so expensive and I don't want to make a wrong decsion, thanks for your help!... |
|
 When going to the emergancy room, are the deductable and copay the same thing? |
| I have United Health Care and my copay for a broken ankle at the ER is $100. I paid the copay in the office. I got a $300 bill sent to a collections agency for my deductable. I wasn't aware that ... |
|
| Insurance wont cover baby!??!!? |
| im on my parents insurance and have 100% maternity coverage, but their insurance wont cover the baby after he is born! anyone know what i can do?? If i dont get anything how much would it cost for ... |
|
|  |
fred w | Do life insurance benefits pass tax free to an estate? |
|
 |
 
Kraftee
|
If you own a life insurance policy, or name either yourself or your estate as beneficiary, the policy death benefit will increase the size of your estate. If you think that you will have a federal-estate-taxable estate (that is, large enough) an insurance policy on your life is usually best owned by someone else. You can establish an irrevocable trust to be the owner and beneficiary of your life insurance policy. Alternatively, you might have your adult children own, and be beneficiaries of, the policy. Either will avoid inclusion of policy proceeds in your estate. It is also important to name contingent beneficiaries in case someone dies and the proceeds end up in your estate anyway. Dealing with life insurance proceeds is part of estate planning and the subject should be dealt with especially if you will leave a large, taxable estate.
Here's one ins. company's discussion as an example.
http://www.pacificlife.com/Channel/Educational+Information/Life+Insurance+Concepts/Maximizing+Life+Insurance+Benefits.htm |
|
L C
|
They do with Federal Estate tax, you will have to check with state, and as long as they are not made payable to the estate. If they pass to beneificiares there is no tax. If they pass to the "estate" there is tax (but only if over the exemption limit -- which changes every year).
A bit confusing. Talk to a financial planner or attorney for a better answer |
|
dtwladyhawk
|
I certainly hope so we just buried my dad and divided the insurance and the proceeds from the house--small town court house helped. |
|
Financial JUSTICE
|
Life insurance with cash value don't pay out cash value when you die! Sure you get face amount that is reduced by any loans and missed premiums, but you lose all the cash value! They say its a good way to build savings! How is that so if you lose it all and it doesn't go to anyone when you die? People say you can borrow it. Why do I want to borrow my own money that I paid for? Cash value = scams! |
|
mbrcatz
 |
If the benefits are paid to the estate, they become PART of the estate, and are then taxable. |
|
Icey12
 |
Life insurance benefits are always income tax free, but not necessarily estate tax free. As others have mentioned, if the insured is also the owner of the policy, then the proceeds are part of the insureds estate even if there is a designated beneficiary. This is why my siblings and I are all the owners of policies on my parents. They gift the premiums to us once a year and we pay the insurance co. The result is that the proceeds will not be subject to estate taxes. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
6 | 34 minutes(s) ago
| | | |
5 | 39 minutes(s) ago
| | | |
6 | 3 hour(s) ago
| | | |
6 | 8 hour(s) ago
| | | |
6 | 11 hour(s) ago
| | | |
6 | 1 day(s) ago
| | | |
6 | 3 day(s) ago
| | | |
6 | 5 day(s) ago
| | | |
6 | 6 day(s) ago
| | | |
6 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
