If you are referring to the death benefit paid if the insured dies, then no tax is due at all. This is the case if the money was left to a person as beneficiary and as long as the premiums were never deducted as any type of expense. If the beneficiary was the estate of the insured and the estate is large enough there could be estate tax consequences but under most normal circumstances there is not income tax on death benefits from a life insurance policy.
form_title=Life Insurance Policy form_header=Protect your loved ones with a lifetime of financial security. Find a life insurance policy customized to fit your needs. What type of life insurance policy do you want to buy?= () Term Life Insurance () Permanent Life Insurance () Both () Not Sure How large of a life insurance policy do you want to buy?=_ Who will it cover?=_ Who would you list as beneficiary?=_
One way to find a lost or missing life insurance policy is with the help of The Center for Life Insurance Disputes. They can help you locate policies that have been lost or forgotten about.
Call the Insurance Company.
how do you lacate a life insurance policy that was with southern life and health insurance company 30 years ago
Sun Life Financial is a life insurance policy company providing quality insurance all over the world. The billion dollar company headquarters is located in Toronto, Ontario.
T sum assured divided by multiply no for ex... 100000 / 30=3333
It is not important to have a life insurance policy.
The Policy Holder of a life insurance policy is the executor of the said policy.
form_title=Life Insurance Policy form_header=Protect your loved ones with a lifetime of financial security. Find a life insurance policy customized to fit your needs. What type of life insurance policy do you want to buy?= () Term Life Insurance () Permanent Life Insurance () Both () Not Sure How large of a life insurance policy do you want to buy?=_ Who will it cover?=_ Who would you list as beneficiary?=_
A life insurance policy is "portable" when upon leaving the group policy, you transfer your life coverage to an individual life policy with the same insurance carrier with no changes to the policy or increase in premium.
There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.
flat extra premium methodIn life insurance, if a person does not meet health or other qualifications, insurance can be declined or rated. The flat extra premium method of rating the life insurance policy charges an extra flat dollar amount per $1,000 of policy value.http://ahtins.com/glossary/fff/f132.htm
Technically, there is no insurance policy called as permanent life insurance. However, you can treat whole life insurance policy as permanent since the policy covered the whole life span of the policy holder and benefit is payable to nominee in the event of any eventuality of the policy holder.
how do you lacate a life insurance policy that was with southern life and health insurance company 30 years ago
Actually, whole life insurance policy other than endowment,single premia or ulip policy can be called ordinary life insurance policy.
NO.. unless the policy does not have nomination. Only nominee will get the proceeds of life insurance policy.
Call the Insurance Company.