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Here’s How to Find Unclaimed Life Insurance Money

January 21, 2023 by Brett Tams

When your loved one dies and you know you’re the beneficiary of their life insurance policy, getting the payout is typically pretty simple. You submit a claim form and a copy of the death certificate. Then the insurer usually pays the claim within a few weeks. But what if you don’t know whether your family […]

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Do Beneficiaries Pay Taxes on Life Insurance?

January 11, 2023 by Brett Tams

When beneficiaries receive a payout from a life insurance policy, they typically don’t have to pay taxes. However, there are a few situations where a portion of the life insurance benefit is taxable to the beneficiary. So, whether you have a life insurance … Continue reading →

The post Do Beneficiaries Pay Taxes on Life Insurance? appeared first on SmartAsset Blog.

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Can Nursing Homes Take Your Life Insurance From Your Beneficiary?

January 8, 2023 by Brett Tams

A lengthy nursing home stay can be expensive, and if you don’t qualify for Medicaid, you may need to draw down your assets to pay for it. You may choose to leave a life insurance policy behind to help your … Continue reading →

The post Can Nursing Homes Take Your Life Insurance From Your Beneficiary? appeared first on SmartAsset Blog.

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