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What are the benefits of having credit life and disability insurance?
Credit life and disability insurance provide financial protection by covering loan payments in the event of death or disability. This can help prevent financial strain on loved ones and ensure that debts are paid off.
Can you collect on a life insurance policy if you have a long term disability before death?
Not specifically for a long term disability, but you can collect if you have a terminal illness.
What services does Cincinnati Financial offer?
Cincinnati Financial offers services such as Life Insurance, Annuities, Disability Income and Valuable Articles for individuals and families. It also offers Life Insurance for Businesses.
Is group life insurance deductible as a business expense?
An employer's contribution to a group insurance plan is deductible as a business expense. This benefit is not taxable to the employee. An employee may not deduct a portion of the premium he cost shares with his/her employer. Typically a group benefit plan includes drug and dental coverage, lfe and long term disability . Where there may be cost sharing of the premium, an employer's contribution shoud always be to the health and dental portion. If any part of the premium for the long term disability is paid for by the employer, should the employee become disabled, then that benefit (usually up to 67% of the pre-disability earnings) would be taxable in the hands of the employee.
Are US life insurance policies taxable?
As a general rule, life insurance policies in the US are not taxable. However it is taxable if it is combined with a non-refund life annuity.
What are the different types of insurance policies available to protect my life and financial well-being?
There are several types of insurance policies that can help protect your life and financial well-being. Some common ones include life insurance, health insurance, disability insurance, and property insurance. Life insurance provides financial support to your loved ones in case of your death, health insurance covers medical expenses, disability insurance provides income if you are unable to work due to a disability, and property insurance protects your belongings and home from damage or loss.
If i receive life insurance for deceased husband is it taxable?
No but what you do with the money may be taxable.
Where can one find more information on disability mortgage insurance?
There are a number of places one can find more information on disability mortgage insurance. Some companies include State Farm, Scotiabank and Sun Life Financial.
What products does Mass Mutual Financial offer?
Massmutual Financial offer the following products: Annuities, college savings plan, disability income insurance, individual retirement account, investments, life insurance.
Is Term life insurance money taxable?
In the US, the money is not taxable if the beneficiary is an adult.
Is life insurance income taxable?
no
Is life insuraNCe taxable in NC?
no
