Taking out a loan against your life insurance policy does not count as taxable income. Learn how a taxable event occurs if ...

One of the most valuable features of life insurance is that the beneficiary receives the death benefit income-tax free.

Variable life insurance is a permanent life insurance policy with an investment component. Learn more about how it works and ...

Life insurance plays an essential role in protecting the financial well-being of individuals and their families. It provides a sense of security by offering a payout or death benefit to beneficiaries ...

Any life insurance product, from term to universal life to whole life, shares a primary advantage; their death benefit is received by the beneficiary tax free, unless the policy owner breaks one of ...

The richest of the rich can use life insurance to avoid estate and income taxes. Private-placement life insurance is perfectly legal — unless a new bill passes. A financial advisor tells BI how the ...

Life insurance is a way to provide financial security for your loved ones in the event of your death. You purchase a policy and make regular payments, and the insurer will pay a tax-free death benefit ...