Distribution of Life Insurance at Death?

Answer Once the insured person on a life insurance policy passes away, the insurance company is obligated to pay out a distribution to the designated beneficiary or to policy owner's estate. Depending on ... Read More »

Top Q&A For: Distribution of Life Insurance at Death

What is considered accidental death in life insurance?

Accidental death and dismemberment (AD&D) insurance covers death or disability caused by an accident. "Accidental death" is defined as death directly related to an accident.DefinitionDismemberment ... Read More »

Is a $10,000 whole life insurance policy worth $10,000 at death?

The actual value of your life insurance policy at the time of your death may or may not be higher than the original face amount. Multiple issues determine the value of whole life insurance, and fac... Read More »

Are life insurance death benefits taxed?

Generally, if the death benefit paid does not equate to more than the amount of the policy's payable benefit, then the death benefit is not taxable. For example, if the life insurance payable benef... Read More »

Taxation of Life Insurance Death Benefits?

Life insurance payments, called death benefits, are usually paid without incurring any tax liability. However, as with many financial issues, insurance and taxation can be complex and individual si... Read More »