Life Insurance & Annuity Experts (888) 539-1633

taxes

Stack of coins representing steady and guaranteed financial growth over time with a fixed annuity. — When it comes to making money, it’s important to be rational. The same applies when it’s time to preserve that money and convert it into reliable income. When it comes to safeguarding your financial future, few financial tools offer the predictability and peace of mind that a fixed annuity provides. […]

What is a Fixed Annuity?

August 21, 2024 in life tagged annuities / Financial planning / Personal Finances / retirement planning / taxes by Jose Lerma

A woman lovingly holds her child at the beach. — Did you know that when you purchase life insurance, you might be able to save on your taxes? Life insurance primarily functions as a safety net, but these policies might also give you tax advantages. Let us explore different life insurance options that allow practical coverage while keeping more dollars […]

Taxes and Life Insurance

January 17, 2024 in life tagged life insurance / tax savings / taxes by Joey Hinojosa

uber drivers employees or contractors — In a recent lawsuit in California, Uber and Lyft were ordered to reclassify Uber drivers as employees under the law rather than contractors. This would require a fundamental shift to their entire business model and make the service almost unrecognizable. Contractor Vs Employee Before discussing if Uber drivers should be […]

Are Uber Drivers Employees Or Contractors?

August 30, 2020 in Health / life / Medicare tagged career / government / income / taxes / work life by Jenny McCann

Insurance For Retirement — How To Use Life Insurance For Retirement Life and Financial Product Specialist Enrique Torres shares how to use life insurance for retirement. Specifically, permanent life insurance and how it can complement your retirement planning. Most of us think of saving money for retirement in either an employer-provided 401K retirement plan […]

How To Use Life Insurance For Retirement

July 28, 2020 in life tagged investing / Roth ira / seniors / taxes by Jenny McCann

Is Life Insurance Taxable? Life insurance is complicated. Because of that, it might seem like tax could apply to life insurance policies too. However, it’s worth noting that the death benefit is not taxable. That is 100% tax-free regardless of how much it is, $10,000 to $10 Million. However, there […]

Is Life Insurance Taxable?

February 25, 2020 in life tagged cash value / death benefit / life insurance / taxes by Jenny McCann

Many consumers shopping for life insurance want to know if the monthly premium is tax-deductible. However, there is not a straight-forward answer that encompasses all situations. For instance, some people get their life insurance through their employer, whereas some get it individually. The answer varies for both circumstances. Watch the […]

Are Life Insurance Premiums Tax-Deductible?

August 24, 2017 in life tagged life insurance / premiums / taxes by Jenny McCann

Though there are many reasons why life insurance is a good investment, one of the most attractive qualities is that life insurance is tax-free! Therefore, when the policy is finally used, whether as a death benefit or as income replacement later in life, your life insurance payout cannot be taxed! […]

Life Insurance Equals Tax-Free Money for the Future

August 19, 2017 in life tagged benefits of life insurance / retirement planning / taxes by Jenny McCann