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What is Term Life Insurance? Term life insurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time. It has a specific expiration date generally in 10, 20 and 30-year increments.  Normally that would be the end of the policy. But savvy insurance buyers will opt for […]

What is Final Expense Insurance? Final expense insurance is designed to cover the bills that your loved ones will face after your death. These costs will include medical bills and funeral expenses. Final expense insurance is also known as Burial Insurance. what’s the difference between final expense and whole life insurance and the answer is […]

Policies that are Arizona whole life, final expense life insurance policies and accidental death policies are considered to be life insurance by most people.  These are policies that pay out upon death, which is essentially what life insurance is.  A life insurance policy covers against death. A way to protect your family is to have an […]

How Much Life Insurance? A question many of our clients asks is how much life insurance do they need? This depends on what the policy is going to be used for. Do they need a final expense policy or a whole life policy, term life insurance, accidental death or burial insurance? One can even buy a […]

In general, you do not have to pay taxes on your life insurance payout. You don’t have to report it to the IRS either. There are certain kinds of policies that generate gains and pay out  after your death and for which taxes have to be paid. The gains are collected and then yes, you […]