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.
No, it will not pay. An aneurysm is not an accident.
i don't believe it would
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
There is no basic payout. The death benefit is whatever the insured chose to insure himself for.
The payout structure for an annuity life insurance policy involves regular payments made to the policyholder either for a set period or for the rest of their life, providing financial security and income.