Is Life Insurance Tax Deductible?
No, in most cases life insurance is not tax deductible. Unlike health insurance payments, your premium for a life insurance policy is viewed as a personal expense. Personal expenses are typically things like groceries, rent and entertainment, which can’t be subtracted from your yearly income. This is true even if you pay for your spouse’s […]Read Article
Planning for the Future: Life Insurance for Children
Nothing is more important than family. As a parent or grandparent, you want to take care of your loved ones in any situation. Life insurance for children is one tool that can help with that. It offers some peace of mind for you, a safety net for your loved ones, and can be a building […]Read Article
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Whether you’re planning for retirement, college, or a rainy day, it’s important to focus on the journey – not just the destination. To successfully plan for these milestones, it’s vital to figure out which tactics to use to reach your goal faster, safer or more effectively. One of the tactics many consider is life insurance […]Read Article
If you are or are close to age 50, you may think you don’t need to worry with life insurance. Or maybe you are interested in more coverage but aren’t sure what the best option would be? The need for updating your life insurance as you age is more important than you might think. Particularly […]Read Article
As you near retirement age, it’s important to evaluate your life insurance benefits. The need for updating your life insurance at age 65 or over can be important. After all, needs change as you grow older – from your health to your home to your retirement funds. What you looked for in a policy when […]Read Article
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