Frequently Asked Questions

Frequently Asked Questions

DO I NEED LIFE INSURANCE?
HOW MUCH LIFE INSURANCE SHOULD I CARRY ON MYSELF?
WHAT IS LIFE INSURANCE?
HOW DO I DETERMINE WHICH TYPE POLICY IS RIGHT FOR ME?
WHY ARE INSURANCE COMPANY RATINGS IMPORTANT?
WHAT IS THE DIFFERENCE BETWEEN TERM AND PERMANENT LIFE INSURANCE?
IS IT POSSIBLE TO CHANGE MY LIFE INSURANCE POLICY IF I ALREADY HAVE ONE?
HOW ARE LIFE INSURANCE DEATH BENEFIT PROCEEDS TAXED?
ARE ACCELERATED DEATH BENEFITS TAXABLE?
IS THE GROWTH OF CASH VALUES IN A LIFE INSURANCE POLICY TAXABLE?
IF A POLICY WITH AN OUTSTANDING LOAN BALANCE IS SURRENDERED, WHAT ARE THE TAX CONSEQUENCES?
ARE LIFE INSURANCE PREMIUMS DEDUCTIBLE?
WHAT IS A SECTION 1035 EXCHANGE?
WHAT IS A MODIFIED ENDOWMENT CONTRACT (MEC)?