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09 Feb Is money taken from a life insurance policy taxable?

Posted at 06:02h in Ask NJMoneyHelp, Insurance, Taxes

Your life insurance company will be able to tell you how much will be taxed. ...

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07 Jan Will I still need life insurance when my kid starts college?

Posted at 06:02h in Ask NJMoneyHelp, Insurance

There are many reasons to keep life insurance after your children are grown....

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02 Sep Is life insurance without a medical exam more expensive?

Posted at 06:02h in Ask NJMoneyHelp, Insurance

Life insurance companies have changed the rules in the wake of the coronavirus. ...

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26 Aug Will my mother’s life insurance policy cause a Medicaid penalty?

Posted at 06:02h in Ask NJMoneyHelp, Estate Planning

Medicaid will look back at five years of financial records before you will get benefits. ...

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21 Jul The kids are in college. Do we still need life insurance?

Posted at 06:01h in Ask NJMoneyHelp, College, Insurance

Figure out your insurance need and the time frame you need coverage. ...

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20 Jul Will this life insurance policy be taxable to my children?

Posted at 06:05h in Ask NJMoneyHelp, Estate Planning, Insurance

The inheritance tax is based on the relationship of the beneficiary to the deceased. ...

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24 Jun After divorce, who gets this life insurance payout?

Posted at 06:02h in Ask NJMoneyHelp, Insurance

There are times when what happens to a beneficiary may surprise you. ...

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10 Jun Can I take from my life insurance without penalties and taxes?

Posted at 06:02h in Ask NJMoneyHelp, Insurance

If your policy has a cash value, think carefully before cashing out. ...

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13 Apr Will I owe tax on the cash value from my life insurance policy?

Posted at 06:02h in Ask NJMoneyHelp, Insurance, Taxes

It depends on your cost basis for the policy....

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09 Apr Will my daughter have to pay taxes on my life insurance?

Posted at 06:02h in Ask NJMoneyHelp, Insurance, Taxes

The tax treatment of life insurance can get tricky. ...

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