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 I Need some Help NO Insurance and Heart Problems?
I have gone to the doctor and there could be something wrong with my heart. The problem is I have changed jobs and wont get insurance until six months from now. My current insurance with my ...


 What is the difference between whole life insurance and term life insurance?
...


 What is the name of the health insurance that supplements Medicaid coverage?
I saw a commercial for it, but I can't remember the name of it. I believe it is for expanding coverage to what Medicaid does not cover....


 Variable Life Insurance Policy Sold and Signed in Texas but client lives in Illinois?
...


 Will i be sucessfully in my new insurance job and in my current realationship?
im a taurus ,really can't seem to get organized but is will to change to be successfull in ...


 I am buying my first home. Should I buy mortgage insurance? Which one can take care of the property damage?
I am going to buy my first house and since i have 20% down, I don't have to buy the private mortgage insurance. Since i am sure I will pay off my house within 5 years, my friend does not ...


 Can anyone give me advice on travel medical insurance to USA?
I have just been diagnosed with a congenital heart disease and about to have surgery in UK, but have a holiday booked to Los Angeles is September. It;s the only thing to look forward to but I'm ...


 Can any one tell me?
Hello everyone can anyone tellme if i can still do my taxes, even though i was on disability for six months, actually maternity leave? Thanks to all....


 Which car insurer will insure 5 people from my family on 1 policy?
ive seen an advert on tv that says they have a new policy which lets tou insure 5 family members each with there own car on one insurance ...


 Will My insurence cover the lap band surgery?
I'm 21 years old, 5'11, and about 300lbs...I have blue cross blue sheild western new york. I also live in westchester county, NY. where can i get more information about it? do you think it ...


 Individual Medical Insurance - What Gives Here?
I applied for med insurance through Humana One - they were going to require I get a physical before telling me if I was approved or whatever - and they have their own exam requirements - a paramed ...


 How much should I insure my house for?
...


 What is meant by tax shield?
...


 General Contractor looking for General Liability Insurance for another state?
I am currently a Residential contractor looking for General Liability Insurance that would cover me in other states as in Georgia. I was wondering if anyone knowes of an Insurance company that may ...


 Ho do I become "Incorporated" ...I am self employed and by Sept I must be incorporated... Any help??
...


 BAILOUT??!!!?!?!?!?!?
CAN ANYONE EXPLAIN TO ME THIS BAILOUT? WHAT IT ENTITLES AND WHO THE HECK BAILS OUT??????
Additional Details
How can i get specific information of the content?...


 Are most successful salesmen introverts?
...


 Is my insurance liable or not?
Back in the fall I called a profesional paint co. to get my vinyl sided house painted. they came out in the spring and said " Good news we have a new product that makes it so we can paint your ...


 How can i get compensation for smoke damage ?
I have a lot of smoke damage in my apartment form a burned house next to me how can I get compensation to the smoke damage I have in my apartment and who should I call to get compensation . I ...


 SHould I get a lawyer for a moving violation in Ga but I reside in NC?..?
...



Renenyc A
My sister took out a Cancer Insurance policy. has cancer, does she have to pay taxes on the money she receives
                     
 




BrianW
Rating
It really all depends on how she was making her premium payments. Many times cancer policies are sold thru work.. AFLAC, Colonial, etc.. and paid for by deducting the cost off of the employees paycheck. If thats the case, and deductions were taken "pre-tax".. then chances are, the benefit will be taxable. If she purchased this on her own, or was paying with after-tax deductions, then no tax would be due.

Best thing for her, or you since you're helping out, call the insurance company. They should be able to advise you.


mike1942f
Rating
Probably not. A little bit trickier if done through a business and the payments were made with pretax money, but that is not usually the case.


Drew
Rating
I think that the money that she will receive is going to be without the tax already...


michael s
Rating
Proceeds from insurance are not taxable.

This assumes it is really insurance and not some other financial device that the seller said was "just like insurance.".


MisS TATiiANA
Rating
Everything is taxable.....


Ray W
Rating
if she dies from cancer ...no she does not have to pay taxes on that money untill the feds tap her on the sholder and demands payment. if she is in the grave tell her to keep her mouth shut!


LBAAAGGG
So my Mother has got some insurance money from her Cancer policy, and at the time we put it into a regular checking account at a different bank....now we are wanting to withdraw this money making a cashiers check out to her and put it into her savings account.....will this show as income to her, and will she be taxed on it.


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