Are cash-value life insurance policies a good purchase?

Answer On One Hand: Most experts say noPersonal finance gurus such as Dave Ramsey and Suze Orman detest cash value life insurance (also called permanent or whole life insurance), citing the high cost and ... Read More »

Top Q&A For: Are cash-value life insurance policies a good p...

Do term life insurance policies have cash value?

Term life insurance policies have no cash value or savings component, according to Investopedia. A term life insurance policy is valid for a specific period of time, after which the insured must re... Read More »

Where is a good place to purchase life insurance?

On One Hand: Multi-line Discounts ExistIf you already have auto insurance or homeowner's insurance with a company, more than likely they will offer life insurance. When purchasing multiple products... Read More »

How many life insurance policies can one have?

As long as you can pay the premium, there is no limit to how many life insurance policies you may own. If purchasing multiple policies, remember to keep a master copy of all the information in a sa... Read More »

Are life insurance policies taxable?

On One Hand: Insurance Payouts Are Not TaxableIn general, insurance payouts are not taxable income. They are paid for with after-tax dollars and are intended to assist people and families during ti... Read More »