Not typically. It is the result of private contract between two parties. It is not part of the public record unless it becomes a part of the tax records or probate.
You can get some good information on Term life insurance at the online Wikipedia. They give information on the Usage, annual renewable term, level term life insurance, payout likelihood and cost difference's, and references.
A life insurance payout is not taxed.
No.
No.
"The average amount of life insurance coverage on insured husbands is $235,600 "
100% of the amount of the policy...each of which are purchased for a specific amount, or amount of payout.
If the owner of the policy is not a business, you would not have to pay taxes on a life insurance benefit payout. You should consult with a tax professional in your state for more details.
i don't believe it would
No, it will not pay. An aneurysm is not an accident.
There is no basic payout. The death benefit is whatever the insured chose to insure himself for.
If you are the beneficiary of a life insurance payout, the income is not taxable. If you withdraw from a policy that you have on yourself, then yes, it is taxable as regular income. http://taxresolutionaries.blogspot.com
No. You will get a payment from the insurance policy if either * You are killed due to an accident or health issues or * You meet with an accident and are permanently disabled As long as you are healthy and alive, you will not get your insurance payout.