Is Life Insurance taxable?

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Generally, the answer is “no,” life insurance death benefits are not subject to Federal Income tax. However, there are some exceptions that can cause a life insurance death benefit to be included in an insured’s estate and subject to Federal estate tax and estate administrative expenses.  The three typical situations when life insurance is included in a decedent’s gross estate …

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The Most Important Insurance for New Parents

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As a new parent, you are already overwhelmed with your major life change!  This life changing event also means it is time to take a close look at your insurance to make sure your precious family is protected. Where do you start? Life Insurance. Life insurance pays out a death benefit to your survivors. Even if you are a stay …

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Consultants Choosing Set for Life Insurance for Disability Insurance

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Consultants from around the country are discovering Set for Life and choosing them to help them with their life insurance, disability insurance and long term care insurance needs. A lot of consultants are choosing to leave their large companies to start their own firm. As a result, they are losing their insurance benefits and need to purchase them on their …

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Life and Disability Insurance: Policy Date

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Disability and Life Insurance: Backdating Your Policy When you apply for life or disability insurance, the rates are locked in base on your age. For life insurance, your age is your closest age. As such, you change ages on your ½ birthday. For disability insurance, your actual age is used. If you are close to your age change or your …

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Love Insurance

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Love Insurance It’s Valentine’s Day. What better way to show someone you love them than by acting on it?  Most people don’t think of life and disability insurance as being very romantic. But it is actually the most loving thing you can do. When you purchase a life or disability insurance policy, you are taking a step to protect those …

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