Are life insurance premiums tax deductible?
Like your auto or home insurance premiums, life insurance premiums are generally not tax-deductible.
Read moreManaging Your Life Insurance
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When might a life insurance company refuse to pay your claim?
It’s rare that a life insurance company would refuse to pay a claim, but some situations could impact payout. Better to know about it now than later.
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Designating a life insurance beneficiary for the LGBTQ community
Do you want to create a lasting legacy for your LGBT community? Here are 6 smart beneficiary designations that will keep your memory alive while helping further the rights of our community.
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How to find a lost life insurance policy
Even though most insurers have systems in place to help locate beneficiaries when a policyholder passes away, there are a few simple tricks to track down a lost life insurance policy.
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Life Insurance Claim Examiners: Proving That Not All Heroes Wear Capes
I’ve always loved that saying, “Not all heroes wear capes.” It’s usually accompanied by pictures of pizza deliverymen, the people who work at Chick-fil-A, or various other ways of saying we love people that make life better (or in the case of my examples, more delicious).
Going into an interview with Jeff Butcher, Senior Claims Examiner at MassMutual, I didn’t realize I’d be so touched by the role of a claims examiner. To be honest, when I really thought about it, I thought it must be a pretty depressing job. A claims examiner is the person who handles the payout of a life insurance policy. They deal with death and loss every day.
You’ll soon see Jeff doesn’t view his role that way.
The reason I spoke with Jeff is because MassMutual issues the Haven Term policy and, thus, is responsible for paying death benefits. (That’s a good thing for our customers because when you buy life insurance, you want to know the policy is from a company that has a long history of financial strength and timely payment of claims.
We get a lot of questions from our customers and applicants about how the claims process works. Luckily, we have access to claim examiners like Jeff.
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After You Die: Term Life Insurance
As the head of operations at Haven Life, I see a variety of people buying term life insurance to financially protect their families. People with different backgrounds, occupations, and family structures – all coming together for the common good of financial planning.
What’s interesting about term life insurance, versus other products, is its lack of tangibility. If you’ve purchased a policy on your own life, which the majority of people do, and were to die, you’d never be the person receiving the death benefit. Therefore, you pay your premium each month and assume, it’ll all work itself out if you die within the term length.
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