This is a breakdown of what you can expect if a family member dies and leaves debts behind.
Life Insurance
While we all know the importance of having life insurance to protect our families in the event of our death, the details of being the beneficiary of a life insurance policy are a little less clear. Here’s what you need to know about collecting life insurance benefits, so nothing comes as a surprise during a […]
When it comes to purchasing life insurance, you have several choices. My wife and I have been looking for a way to allocate our finances and create a life insurance plan. We have discussed a number of different options, and whole life insurance has been part of the conversation. This type of insurance carries a […]
You’ve undoubtedly seen all of the news about the impending “fiscal cliff.” Whether you understand it or not, there will be consequences if we “fall off” at the end of 2012. One potential change to our tax system has to do with estate taxes. Currently, heirs do not pay federal taxes on estates smaller than […]
You have health insurance and life insurance, which means you and your family are entirely covered should something happen, right? Wrong. Suppose you suffer an injury or long-lasting illness that makes it impossible for you to work. While your health insurance coverage will take care of your medical expenses, and your life insurance will provide […]